Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 1

Accounting

Accounting

 the art of recording, classifying and summarizing in


a significant manner and in terms of money,
transactions and events which are in part at least
of financial character and interpreting the results
thereof
 to record, classify and summarize business
transactions and events, and afterward to interpret
their outcome
 an art: apply practical knowledge, experience and
skills.
 it demands critical thinking and creative skills
 gather relevant data of the business then convert
them into organized financial reports and draw
certain economic meaning from them

You might also like