What is Accounting?
It is impossible to talk about running a successful business without mentioning the importance of accounting. Popularly referred to as “the language of business,” accounting forms the backbone of corporate finance and economics. Accounting involves the recording, management, and analysis of financial transactions. Tasks such as auditing, tax consultation, and budgeting, are included within the sphere of accounting.
A person who is engaged in accounting tasks is called an accountant or a bookkeeper.The primary job of an accountant is to keep track of