Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1][2] Accounting measures the …

Oct 5, 2025 · Accounting is the process of recording the financial transactions of a company or other organization so that they can be reviewed by regulators and tax authorities.

Accounting is known as the language of business. Through a series of steps known as accounting cycle, it gathers information about business transactions, and collates and summarizes them …