What is accounting, golden rules of accounting, what do you know about Audit.

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Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. The golden rules of accounting are the basic principles that guide the recording of financial transactions.

Accounting involves recording, classifying, and summarizing financial transactions.
The golden rules of accounting are the basic principles that guide the recording of financial transactions.
The three golden rules of accounting are: debit the receiver, credit the giver; debit what comes in, credit what goes out; and debit all expenses and losses, credit all incomes and gains.
Audit is the process of examining and verifying a company's financial records to ensure that they are accurate and comply with relevant laws and regulations.
Auditors are responsible for reviewing financial statements, assessing internal controls, and identifying any potential fraud or errors.
Audits can be conducted by internal auditors, who are employed by the company being audited, or external auditors, who are independent professionals hired by the company.

What is accounting, golden rules of accounting, what do you know about Audit.

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