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Accounting
01
the job that involves keeping financial accounts or making financial reports
02
a systematic process of recording, summarizing, analyzing, and reporting financial transactions and information of an organization or individual
Example
The accounting department prepares financial statements such as the balance sheet and income statement to reflect the financial position and performance of the company.
Auditors review the accounting records to ensure transparency and accuracy in financial reporting.
03
a convincing explanation that reveals basic causes
04
a statement of recent transactions and the resulting balance
05
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
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