What are the attributes (features) of accounting?
Attributes1. Accounting is artas well as a Science:2. Records only those events and transactionswhich are of financial character:3. Accounting recordstransactions byexpressing them in term of money:4. Functions of accounting:5. Service activity:
1) provide complete and systematic record2) helpful in management of business3) evidence in legal matter4) helpful in rising loans5) enable comparative study