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Answered by
a year ago
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. Luca Pacioli the 'Father of Accounting' Luca Pacioli (c. 14
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Answered by
8 years ago
Hello,
Accounting can manage all type of spending expenses and control of it. Basically, accounting means:
It is a systemic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given p
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