What Is The Meaning Of Accounting?

--a system that provides quantitative information about finances
---accounting is a language that provides information about the financial position of an organization
--recording, summarizing, reporting, and analyzing financial transactions

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Planning, recording, analyzing and interpreting financial information is called ACCOUNTING. Good Luck.

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Accounting means, the process of;
1.      identifying , measuring, classifying, recording & summarizing business transactions, and
2.      Preparation of periodic business statements such as a income statement and Balance sheet.
So we can say " Accounting consists of procedures for recording, classifying & interpreting selected experiences of an enterprise to promote effective administration."
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