Question

what is the role of accounting in business​

Answer 1

Accounting is a language of a business. It provides financial information about everything in business to creditors, debtors, businessman, investors etc. It helps to know the profits and losses of the business and thus helps us to know the capability of the business.

Answer 2

Answer:

The Role of Accounting. The purpose of accounting is to provide financial information to the stakeholders of the business: management, investors and creditors. Accounting measures and summarizes the activities of the company and communicates the results to management and other interested parties.