Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business. Accounting involves recording all financial transactions of a business. It includes summarizing and organizing the recorded transactions into financial statements. Accounting also involves analyzing the financial data to provide insights and make informed decisions. Finally, accounting includes reporting the financial information to stakeholders such as investors, creditors, and management. Example: An account assistant would be responsible for recording daily transactions, preparing financial reports, and assisting in financial analysis.

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business. Accounting involves recording all financial transactions of a business. It includes summarizing and organizing the recorded transactions into financial statements. Accounting also involves analyzing the financial data to provide insights and make informed decisions. Finally, accounting includes reporting the financial information to stakeholders such as investors, creditors, and management. Example: An account assistant would be responsible for recording daily transactions, preparing financial reports

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows.

Asked in Heritage Foods

Account Assistant

What is accounting?

AnswerBot

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.

Accounting involves recording all financial transactions of a business.
It includes su...read more

Chinthamaneni Chitti Babu

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business. Accounting involves recording all financial transactions of a business. It includes ...read more

mopuri nagesh

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, ...read more

Anonymous

The process of financial rocods of business transaction pertaining