Accountancy, asked by areebfatima0132, 9 months ago

what is ment by summarisation of accounting information​

Answers

Answered by ayushisrivastav655
9

Answer:

Definition. A financial or accounting summary sums up a company's financial activity for a specific period of time. ... Summarizing business transactions can help a company make future plans regarding growth, sales and profit by looking back at what was achieved previously.

Answered by Jasmine9115
2

Answer:

summarising is the art of presenting the classified data in a manner which is understandable and useful to management and other uses of such data

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