Write at the
characteristics of
meaning and
accounting ?
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Explanation:
Qualitative Characteristics, Objectives and Roles of Accounting. Accounting can be defined as a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. Let us see more about the meaning and roles of accounting in business.
The main objectives of accounting are maintaining a complete and systematic record of all transactions and analyzing the financial position of a business. Every individual or a business concern is interested to know the results of financial transactions and their results are ascertained through the accounting process.
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