Lamar Van Dusen

Accounting conveys an organization's financial details to its constituents, like creditors, investors, and management. Accounting can help the business owner and other decision-makers comprehend how money is used, earned, and managed. Accounting is keeping an eye on transactions and financial activities like purchases, sales, receipts payments, receipts, and other transactions. The information collected can be used to prepare financial statements and other documents that provide a better understanding of the business's financial health. It can also help identify potential threats and possibilities. Accounting also ensures that tax payments are made on time and that financial data is correct and current.…