accounting functions

Accounting Function involves the formation of financial records of business communication, flows of investment, the process of creating wealth in an organization, and the financial situation of a business at a particular moment in time is known as Accounting Function.

Functions of Accounting (accounting functions)

Functions of Accounting (accounting functions): Learning Objectives: What are the important functions of accounting? Record Keeping Function: The primary function of accounting is to keep a systematic record of financial transaction – journalisation, posting and preparation of final statements. The purpose of this function