What do you mean by the term accounting

1.	What do you mean by the term accounting
Answer» It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm\'s assets, liabilities and owners\' equity. Accounting provides information on the.<br>"Accounting is the art of recording , classifying and summarising in a significant manner and in terms of money ; transactions and event which are , in part at least , of a financial character, and interpreting the results thereof."

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