Question

Write any three accounting features

Answer 1

write any three accounting features

Answer 2

Any three accounting features are as follows-

• Recording transactions: It includes creating records of all business transactions and activities in the books which helps in tracking and analysing important information.
• Comparing statements: The transactions once recorded assist in comparing the profits and losses and seeing the performance of the business while comparing with other firms.
• Classification: It allows putting transactions in different categories for better accessibility and understanding.