Accounting majors learn how to create, maintain and audit a detailed and accurate system that displays the finances of a business or organization. They study the theory behind accounting and learn how to analyze the financial position of a firm or organization. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users including investors , creditors, management, and regulators. Transaction denotes "a business, performance of an act or agreement .Accounting is defined as the art of recording, classifying, summarizing ,analyzing, interpreting and communicating the results of transactions and events which are of financial nature. It is recognized and characterized as a storehouse of information. As a service function, it collects processes and communicates financial information of any entity.

Sahreen Younis Ahanger

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