What Is Accounting? Types Of Accounting.
Languages are used in the world since the beginning of Life on Earth and a medium is used to communicate among people which is called Language. Different languages are used in different parts of the word to communicate among peoples. Some of the most commons are English, Spanish, French, Hindi, and Arabic, etc. These all are used to communicate between different group of peoples those who understand them. Likewise, there is a language that is used for the communication of business activity and which is called Accounting. Therefore Accounting is a business language that is used to record and analyze business transactions. “It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm’s assets,...