Summative discussion board

Summative discussion board

Introduction

For every business accounting plays a vital role. Size of the business does not matter; every organization is using most or few of accounting practices according to their needs. The importance of accounting for business lies in analyzing the financial position of the business and its financial wealth also (Juan, 2008). It can also be said that accounting is the art of understanding and analyzing the financial condition of the business by analyzing various accounts such as expenses, sale and purchases.

Discussion

Accounting plays a vital role in every business to manage and analyze the financial position of ...