What is accounting?

Answer Posted / tulja

Accountancy or accounting is the process of maintaining,
auditing, and processing financial information for business
purposes.

Accountancy allows the creation of accurate financial
reports that are useful to managers, regulators, and other
stakeholders such as shareholders, creditors, or owners. The
day-to-day record-keeping involved in this process is known
as bookkeeping.

Is This Answer Correct ?    14 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is a normal distribution curve?

646


Name any two document related to use case?

677


Tell about NITI Aayog and its functions?

651


What Are The Types Of Accounts In Banks?

553


What is the current repo rate?

679






What Are The Capabilities Of Openpages?

644


Why Are You Not Working Anywhere From Past 6 Months ?

660


What are limited liability companies?

591


How Long After Filing Will The Creditors Stop Calling?

654


Why do want to make a shift in your career?

624


Can Share Holders Transfer Their Shares of Joint Stock Company?

679


What requirements does a company need to comply with before accepting the deposits?

603


What does wacc mean?

706


What is the number of Districts in your nearby states?

635


What are things that affect the health of a stock portfolio?

671