Accountancy or accounting is the process of measuring, processing, recording, and reporting the transactions of a business. It is a necessary function that involves creating financial statements used for decision making, cost planning, and measuring the company's performance. Accounting is mainly divided into Financial Accounting, Managerial Accounting, and Cost Accounting. These three constitute all the functions and processes required by the company to function more effortlessly. The accounting method is done following certain principles known as the Generally Accepted Accounting Principles. A proper format and order of preparation are maintained to provide and report the financial information. It is essential to have a solid base of the same, which can be created if you take our Help with Accounting Homework.

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