Answer / firoz kappil

The systematic recording, reporting, and analysis of financial transactions of a business.
The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles. Accounting allows a company to analyze the financial performance of the business, and look at statistics such as net profit.

Answer / anusha raj

Accounting is the process of identification,classification, summarization of daily transactions to know the financial position.

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