What Are The Functions Of Accounting?

1.	What Are The Functions Of Accounting?
Answer» Accounting INVOLVES the CREATION of financial RECORDS of business transactions, flow of FINANCE, the process of creating wealth in an organization, and summarizing the financial position of a business at a given MOMENT in time. Accounting involves the creation of financial records of business transactions, flow of finance, the process of creating wealth in an organization, and summarizing the financial position of a business at a given moment in time.

Answer»

Accounting INVOLVES the CREATION of financial RECORDS of business transactions, flow of FINANCE, the process of creating wealth in an organization, and summarizing the financial position of a business at a given MOMENT in time.

Accounting involves the creation of financial records of business transactions, flow of finance, the process of creating wealth in an organization, and summarizing the financial position of a business at a given moment in time.

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What Are The Functions Of Accounting?

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