” The function of accounting is to provide quantitative information, primarily of financial nature, about economic entities, that is needed to be useful in making economic decisions.” It is also known as fundamentals of accounting. Procedural Aspects of Accounting A. …
Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks. Accounting is one of the …
Transaction is used to mean a business, performance of an act an agreement. “Exchange of goods and Services or Exchange of money or an Agreement to exchange goods and services in future is called a financial transaction”. We can say …