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Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations

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Accounting refers to technique of recording, journalising, posting and communiating the accounting aspect and thereby annalying the results and conveying it to major stake holders. It is considered as bigger then accounts and accountancy term

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It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets,liabilitiesand owner's equity.

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Accounting is the systematic process of recording the financial transactions of a company.

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“Accounting is as old as money itself”. Since in early ages commercial activities were based on barter system, record keeping was not a necessity. The Industrial Revolution of 19th century along with rapid rise in population, paved way for the development of commercial activities, mass production and credit terms. Thus recording of business transaction has become an important feature. In recent years with the change of technologies and marketing along with stiff competition, accounting system has undergone remarkable changes. 1  

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The art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are in part at least of a financial character and interpreting the results thereof

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Accounting or accountancy is the measurement, processing and communication of financial information about economic entities. The modern field was established by the Italian mathematician Luca Pacioli, in 1494.

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Accounting is the art of recording, classifying and summarizing events and transactions in monetary terms.