Difference between revisions of "Accounting"
(Created page with "Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, Financial Analysis|analyzin...") |
(No difference)
|
Revision as of 14:56, 22 October 2019
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. [1]
- ↑ Defining Accounting Investopedia