Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. It involves keeping track of financial transactions such as sales, purchases, and payments It includes preparing financial statements such as balance sheets and income statements It helps in analyzing financial performance and making informed business decisions Examples include bookkeeping, tax preparation, and auditing

Greet Technologies Interview Questions: What is accounting

Asked inGreet Technologies,Account process exicutive

What is accounting

AnswerBot

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

It involves keeping track of financial tr...read more

Deepak Kumar Tyagi

11mo

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

Keerthireddy

It is one member account in bank for business purpose or personal

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