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Functions of accounting are
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Analysis of financial transactions occurred in an enterprise for a given period.
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Segregation of transactions by identifying revenue transactions and capital transactions .
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identifying accounts to be opened for each financial transaction & recording in journal & ledger.
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Preparing trial balance to verify errors to correct & correction. Preparing final accounts at the end of period to measure of outcome of business to arrive at profit /loss .Analysing reasons for loss if any by financial statement analysis
Y S Ganesh
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∙ 11y ago- For money
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Sorry to say but the above answer is completely misleading and incorrect. The major functions of accounting are
1. recording business transaction
2. Classifying and summarizing business transactions in a meaningful manner
3. Analysing and interpreting data in order to retrieve meaningful information.
4. Communicating the information to the relevant stakeholders
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hindi ko rin alam :)
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