Accounting is a system or process of tracking, auditing and
maintaining of financial records.
Accounting may be explained as a process of recording,
classifying and summarizing of financial episodes of an organization in a significant
method so as to be able to inform the outcome of such happening to the users of
financial information.
According to Weygandt, Kieso and Kimel:-
At the end we can say that accounting is a science which
affect on financial function of human life or business.
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