wat is the purpose and function of accounting?

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wat is the purpose and function of accounting?

2007-03-12 02:52:11 · 2 answers · asked by hengchun 1 in Education & Reference ➔ Higher Education (University +)

2 answers

Accounting isn't just one thing, but rather is composed of several functions, like recording transactions (bookkeeping).

But it's main purpose is to gather, analyze, and distribute financial and economic information to those who need it.

2007-03-12 09:58:56 · answer #1 · answered by msoexpert 6 · 0⤊ 0⤋

to know how much money you really have.

2007-03-12 10:06:41 · answer #2 · answered by Nocode3738 4 · 0⤊ 0⤋