How would you define Accounting?What is the difference between managerial and financial accounting?What does GAAP mean? AccountingThis is the systematic and comprehensive recording of financialactivi

How would you define Accounting?What is the difference between managerial

and financial accounting?What does GAAP mean?

AccountingThis is the systematic and comprehensive recording of financialactivities relating to an organization which includes the process ofshortening, analyzing and reporting the transactions...