What its accounting?define its objectives.

1.	What its accounting?define its objectives.
Answer» Answer: Accounting is the systematic and COMPREHENSIVE recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, ANALYZING and reporting these transactions to oversight AGENCIES, regulators and tax collection entities, Explanation: The main objective of accounting is to keep a systematic record of financial transactions which helps the users to UNDERSTAND the day to day transactions in a systematic manner so as to GAIN knowledge about overall business.

Answer»

Answer:

Accounting is the systematic and COMPREHENSIVE recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, ANALYZING and reporting these transactions to oversight AGENCIES, regulators and tax collection entities,

Explanation:

The main objective of accounting is to keep a systematic record of financial transactions which helps the users to UNDERSTAND the day to day transactions in a systematic manner so as to GAIN knowledge about overall business.

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