what is Accounting??

1.	what is Accounting??
Answer» View this post on Instagram A post shared by 200K Family (@tom_and_jerry__75) on Jul 24, 2020 at 12:24am PDT Advantages of Government Company:The government organization enjoys all autonomy in management decisions and flexibility in day to day activities.These companies control the local market and sustain it to curb the unhealthy business practices. Accounting\xa0is the process of recording financial transactions pertaining to a business. The\xa0accounting\xa0process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.\xa0Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.\xa0As a result of economic, industrial, and technological developments, different specialized fields in\xa0accounting\xa0have emerged. The famous branches or\xa0types\xa0of\xa0accounting\xa0include: financial\xa0accounting, managerial\xa0accounting, cost\xa0accounting, auditing, taxation, AIS, fiduciary, and forensic\xa0accounting.

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