What this statement means is that accounting is being defined as the process of record keeping, management and analysis.
What is accounting?
This is the process that is mostly used in finance to communicate and record information especially in income and financial statements.
Accounting is mostly about being able to know the transactions that one is to record, recording it in the appropriate place and the ability to communicate the records using reports.
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https://brainly.com/question/1033546
