Accounting is the systematic process to collect, analyze and interpret data. It tells us about the #financial position of the business, such as- cost and earnings, profit and loss, assets and liabilities, etc. Thus, accounting play an important role in business and is also considered as the language of business.
It is derived from two Greek words – ‘Philos’ meaning love and ‘Sophia’ meaning wisdom. #Philosophy not only gives us knowledge of the world but also enables us to know how the world works and the changes related to it.
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