What is accounting defined as?

Accounting is defined as the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. It involves the systematic and comprehensive recording of financial transactions, as well as the preparation of financial statements and reports that provide insights into the financial health and performance of the entity.

Accounting is defined as the art of recording, classifying, summarizing, and interpreting financial transactions to provide information that is useful in making economic decisions.