Monday, September 5, 2011

Definitions of Accounting

Accounting is a very useful communication tool both in the business and business world. It is a special kind of language. It is a tool that enables us to communicate to various interested parties or data-users certain quantitative information about the financial activities of a business enterprise.


Accounting is a service activity. Its function is to provide quantitative information, primarily financial in nature, about economic entities, which is intended to be useful in making economic decisions.





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