Accounting is basically concerned witha)Forecasting b)Measurement c)Management d)None of the above ​

Answers 2

Answer:

Accounting is basically concerned with recording of the business transactions, designing the types of records to be maintained, preparing the reports on the basis of those recorded data and transactions and interpreting those reports.

Explanation:

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Accounting is basically concerned with management. (Option c).

  • Accounting is the procedure in which financial transactions are recorded, analyzed, and managed.
  • Accounting is also known as the language of business. It helps to measure all the economic activities of an organization.
  • There are various types of accounting such as management accounting, financial accounting, auditing, tax accounting, etc.
  • Accounting is stated in terms of money.

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