Nature of accounting

Nature of accounting:

Accounting involves tracking, analyzing, and communicating financial information to help businesses make informed decisions. It requires knowledge of finance, economics, mathematics, and business management, and ensures compliance with relevant regulations and accounting standards.

The Basis Features of accounting are as follows

1 Accounting is a process

2 Accounting is an Art

3 Accounting is means and not an end

4 Accounting Deals with financial information and transaction

5 Accounting is information system

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