what is accounting?

Question

i need to find the general meaning or definition of accouting

Answer 1

Accounting is a set of concepts and techniques that are used to measure and report financial information about an economic unit. The economic unit is generally considered to be a separate enterprise.

According to the Committee on Terminology of American Institute of Certified Public Accountants (AICPA), “Accounting is 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 a financial character, and interpreting the results thereof”.

Accounting is a method of telling a story or giving a description of events. The story is always about items that have a value -- where they came from, how much they were worth, how much they cost, how much they were sold for, what happened to them, and how much of them are on hand at any given time.
In accounting, every time something valuable changes hands, or is changed, or used to make something else, is given away, or received, promised to another or thrown out, very exact details of it are recorded. These details are then organized and presented in summarized forms.

Answer 2

The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business.

Answer 3

There are many different forms of accounting. read the articles on this site to get an idea:

http://mpoweryourself.com/accounting/accountindex.html