What is tha meaning of Accounting?
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Explanation:
The term "Accounting" means recording, classification, summarization, interpretation and Communication of the business transaction
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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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