Question

what implication does your finding have for accounting as a service activity?

Answer 1

Accounting is a process of recording, summarizing , classifying, the business activity and presenting them in a simple format. This is the common meaning of accounting which is available in every book of accounting.

Accounting is done for internal and external people associated with company.Internal people like top level management and employees and external people like investors, creditor, shareholders.

So Accounting is service activity that provides useful important information about the companies financial position which is comparable with other competitors.