Question

what is the meaning of accounting.......​

Answer 1

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It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the.

Answer 2

Accounting is regarded as a language of business. The basic purpose of accounting is to communicate about the performance of the business with various and users who are interested to know about the business because they have some stake in it. Accounting provides quantitative information of financial nature to both management and other users so that they can take proper decision.

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