Business Accounting

There are deferent definition about Accounting but all make same sense.

1). Accounting is Language of *Business.
2). The recording, classifying, summarizing and interpreting in a significant manner and in terms of money, transactions and events of a financial character.

I personally agreed with both.

*Business: there are many Definitions of Business but basic & simple Definitions of Business is Exchange of Goods & Services for Profit.
*Transactions : Exchange of Value.