What Is Financial Accounting ?

1.	What Is Financial Accounting ?
Answer» Financial or traditional accounting consists of the classification, RECORDING, and analysis of the transactions of a business in a subjective manner according to the nature of EXPENDITURE so as to enable the presentation at periodic intervals, of statements of profit or loss of the business and, on a specified date, of its financial state of affairs. Financial or traditional accounting consists of the classification, recording, and analysis of the transactions of a business in a subjective manner according to the nature of expenditure so as to enable the presentation at periodic intervals, of statements of profit or loss of the business and, on a specified date, of its financial state of affairs.

Answer»

Financial or traditional accounting consists of the classification, RECORDING, and analysis of the transactions of a business in a subjective manner according to the nature of EXPENDITURE so as to enable the presentation at periodic intervals, of statements of profit or loss of the business and, on a specified date, of its financial state of affairs.

Financial or traditional accounting consists of the classification, recording, and analysis of the transactions of a business in a subjective manner according to the nature of expenditure so as to enable the presentation at periodic intervals, of statements of profit or loss of the business and, on a specified date, of its financial state of affairs.

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