what is mean by accounting
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the process or work of keeping financial accounts.
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ᴀᴄᴄᴏᴜɴᴛɪɴɢ ɪs ᴛʜᴇ ᴘʀᴏᴄᴇss ᴏғ ʀᴇᴄᴏʀᴅɪɴɢ ғɪɴᴀɴᴄɪᴀʟ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs ᴘᴇʀᴛᴀɪɴɪɴɢ ᴛᴏ ᴀ ʙᴜsɪɴᴇss. ᴛʜᴇ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ᴘʀᴏᴄᴇss ɪɴᴄʟᴜᴅᴇs sᴜᴍᴍᴀʀɪᴢɪɴɢ, ᴀɴᴀʟʏᴢɪɴɢ ᴀɴᴅ ʀᴇᴘᴏʀᴛɪɴɢ ᴛʜᴇsᴇ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs ᴛᴏ ᴏᴠᴇʀsɪɢʜᴛ ᴀɢᴇɴᴄɪᴇs, ʀᴇɢᴜʟᴀᴛᴏʀs ᴀɴᴅ ᴛᴀx ᴄᴏʟʟᴇᴄᴛɪᴏɴ ᴇɴᴛɪᴛɪᴇs.
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