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What Is The Nature Of Accounting?
I want the answer to the meaning, nature and role of accounting.
asked 4 months ago
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Checks and balances to put it simply. A way to keep up with the assets and liabilities.
answered 4 months ago
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Well accounting is defined as collecting, storing and classifying information and finding the end results. Accounting plays a major role in companies making various decisions, if there was no accounting there would be no way to find out if the company was making profit or how many debtors it had. Accountings role is to give a complete overview of a firm or company and reach a conclusion about its activities. The nature of accounting is financial and has to do with money. Hope this helps.
answered 4 months ago
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