Accounting

Accounting has many features and a few of them are described below:

  1. Accounting is the process to interpret source of the financial activities which comes through different vouchers.
  2. Accounting creates management report to analyze about the current company's position through different management report.
  3. An accountant verifies during an accounting process that all vouchers have been properly passed and an accountant edits the voucher if there is any discrepancy.
  4. An accountant verifies the compliance with different departments such as division of taxation.
  5. Accounting can be accrual basis or cash basis.