Define meaning of accounting and mentions its three objectives ( 2076,2074,2071,2063,2059) BS

 Accounting is the process of recording, summarizing, and analyzing financial transactions to provide useful information to stakeholders.

Three objectives of accounting are:

1. Providing financial information: Accounting aims to provide financial information to stakeholders, such as investors and creditors, to help them make informed decisions.

2. Evaluating financial performance: Accounting helps to evaluate an organization's financial performance by analyzing financial statements and identifying trends and areas for improvement.

3. Facilitating decision-making: Accounting provides information to assist in decision-making, such as whether to invest in a project or expand a business.