Question

accounting is often called the "language of business ".

Answer 1

The accounting often called to be the “Language of business” because accounting carries all the information and details which are taking place in a business with its prime motto of “making income”. Accounting through its statement of financial position presents the progress by the business since the last year. Through the various analysis in Accounting, we use to judge the business health and the amount of wealth it carries. The Accounting tells whether business has gone through the prudent transactions or not. Thus, each and every movement of business progress can be accessed through the Accounts maintained in the business, so it is called “Language of business”.

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