Discuss the role of accounting in modern business.?

Accounting is the process of recording and summarizing financial transactions. It also includes the preparation of balance sheets, income statements, and other reports that are used to maintain accountability in a business organization.

Accounting provides an accurate summary of all aspects of a company's finances so that managers can make informed decisions about how much money they need to borrow or spend in order to keep their business running smoothly.

Accountants help businesses by providing information on what has been spent and earned, as well as any. Get Link: Norwayoffice.biz