CBSE Class 11-commerce Answered
What meant by accounting.
Asked by sntshtrk530 | 08 Aug, 2017, 05:33: PM
Expert Answer
Accounting is a system which collects and processes financial information of the business. This information is useful for the users to make appropriate decisions. American Accounting Association defines accounting as ‘the process of identifying, measuring and communicating economic information to permit informed judgments and decision by users of the information”.
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