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What is accounting?
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Asked 11/20/2013 7:10:00 AM
Updated 10/4/2017 11:42:49 PM
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This conversation has been flagged as incorrect.
Edited by yumdrea [10/4/2017 11:42:40 PM], Flagged by yumdrea [10/4/2017 11:42:41 PM]
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User: What is accounting?

Weegy: Accounting basic equation is Assets= Liabilities +... [ How does cost accounting relates to ... ]


Question
Asked 11/20/2013 7:10:00 AM
Updated 10/4/2017 11:42:49 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Edited by yumdrea [10/4/2017 11:42:40 PM], Flagged by yumdrea [10/4/2017 11:42:41 PM]
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Accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting the information in various reports and analyses.

Added 10/4/2017 11:42:49 PM
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Questions asked by the same visitor
What is the definition of accrual accounting?
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Updated 2/25/2016 8:22:03 PM
1 Answer/Comment

Accrual accounting is an accounting method that measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur.

Added 2/25/2016 8:22:03 PM
This answer has been confirmed as correct and helpful.
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