Explain: Accounting is a language of business. - Vidyadip

Question

Explain: Accounting is a language of business.

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Answer

Language is used with its predetermined norms. It has a feature of flexibility, hence time basedchanges can be incorporated in it. Through language either by writing or speaking or analyzing orinterpreting any content is described or explained by one person to other person. Similarity, throughaccounting information of business transaction is provided to the related parties and accounting has alsoits predetermined rules. Based on this comparison we can say that accounting is a language of business.

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