Defination of accounts

DEFINATION OF ACCOUNTS:

The systematic recording, reporting,& analysis of financial transactions of a business.Accounting or accounting is the measurement, processing & communication of financial information about economic entities. It was founded by Italian mathematician luca pacioli in the end of the 15^th century. Accounting which have been called the language of business, measures the results of an organizations economic activities and conveys this information to a variety of users including investors, creditors, management, & regulations. Practitioners of accounting are known as accountants. The term accounting & financial reporting are often used as synonyms.