About Accounting:
Accounting Practice and body of knowledge concerned primarily with 1.methods for recording transactions,2. keeping financial records,3.performing internal audit
reporting and analyzing financial information to the management, and advising on taxation matters.
It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the
resources available to a firm, the means employed to finance those resources, and the results ... Example The CEO looked closely at the company accounting records during his evaluation of the monthly performance
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