Lakshmi Mogili
8 years ago

Accounting is said to be the language of

A. Business

B. Accounts

C. Entries

D. All of the above

Answer: Option A

Solution (By Examveda Team)

Accounting is often called the “Language of business.” It is a means of communicating information about a business. Its responsibility is applying a thorough knowledge of the theory of accounting, that is, generally accepted principles of accounting to the practical field of business in order that income and financial position may be stated fairly.

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