Accounting

Introduction

Accounting:

Accounting is the recording, reporting, and analysis of financial transactions of a business. It is a service based profession which helps in making decisions and also provides reliable financial information of the organization. Accountant is the person who is the in charge for accounting. He follows the rules and regulations according to GAAP (Generally Accepted Accounting Principle). They prepare financial statements of the organization, Calculate Computing costs, tax strategy and efficient gains .