What Is Accounting?

1.	What Is Accounting?
Answer» ACCOUNTING is a METHOD or SYSTEM used to keep TRACK of and determine the financial status of a person or company's income/assets and outlay of money/possessions. (An Accountant ENGAGES in Accounting: "The occupation of maintaining and auditing records and preparing financial reports for a business"). Accounting is a method or system used to keep track of and determine the financial status of a person or company's income/assets and outlay of money/possessions. (An Accountant engages in Accounting: "The occupation of maintaining and auditing records and preparing financial reports for a business").

Answer»

ACCOUNTING is a METHOD or SYSTEM used to keep TRACK of and determine the financial status of a person or company's income/assets and outlay of money/possessions. (An Accountant ENGAGES in Accounting: "The occupation of maintaining and auditing records and preparing financial reports for a business").

Accounting is a method or system used to keep track of and determine the financial status of a person or company's income/assets and outlay of money/possessions. (An Accountant engages in Accounting: "The occupation of maintaining and auditing records and preparing financial reports for a business").

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