Question

What is the meaning of accountancy?​

Answer 1

Answer:

Accounting has variously been defined as the keeping or preparation of the financial records of transactions of the firm, the analysis, verification and reporting of such records and "the principles and procedures of accounting"; it also refers to the job of being an accountant.

Answer 2

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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.