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What is accontancy |
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Answer» In simple terms accounting is the process of recording day to day transactions of business and making analysis on their basis. Accounting refers to the recording,classifying and summarising of the financial nature transactions... Accountancy refer to a systematic knowledge of accounting and it is also based on science and art bcoz account have based on specific priciple Accountancy is the knowledge of doing accounting work Accounting can be defined as a process of reporting, recording, interpreting and summarising economic data. The introduction of accounting helps the decision-makers of a company to make effective choices, by providing information on the financial status of the business. |
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