Accountancy, asked by muskan2144, 1 year ago

what its accounting?define its objectives.​

Answers

Answered by agtycom37
6

Answer:

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities,

Explanation:

The main objective of accounting is to keep a systematic record of financial transactions which helps the users to understand the day to day transactions in a systematic manner so as to gain knowledge about overall business.

Similar questions