Accounting is defined by the American Institute of Certified Public Accountants
(AICPA) as "the art of recording, classifying, and summarizing in a significant
manner and in terms of money, transactions and events which are, in part at least,
of financial character, and interpreting the results thereof.
Accounting is thousands of years old; the earliest accounting records, which date
back more than 7,000 years, were found in Mesopotamia (Assyrians). The people of
that time relied on primitive accounting methods to record the growth of crops and
herds. Accounting evolved, improving over the years and advancing as business advanced.
Today, accounting is called "the language of business" because it is the vehicle
for reporting financial information about a business entity to many different groups
Here’s the Various Accounting Industries in India…!!