What are the functions of accounting?
Accounting is the process by which a business's financial transactions are documented, categorized, and analyzed for use in decision-making. The company's financial transactions are what is recorded in the books.
Answer and Explanation: 1
Accounting is crucial to the smooth operation of any business and the management of its finances. Here are just a few examples:
Record Keeping: Accoun...
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fromChapter 33 / Lesson 1
Learn about the differences and similarities between financial accounting and managerial accounting. Learn the different uses of financial and managerial accounting.