Evaluate the statement "Accounting is all about numbers.". Using the definition of accounting to justify your answer.

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Business

Edward Wall

10 January, 08:56

Evaluate the statement "Accounting is all about numbers.". Using the definition of accounting to justify your answer.

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Corey Haas · Answer 1

Accounting is not all about numbers. For accounting is characterized as the entire process of recording financial transactions of an organization.

Some of the accounting activities are the summary and analysis of accounting information to economic entities, as well as communicating non-financial information such as those that can impact people and the environment.