Accounting

Accounting is a sub division of finance. In broad Accounting can mean being responsible for. For every work we do a daily basis we account for it. Some one has be accounted for every work in order to report traceablity and progress of work. Accounting term was used along with finance inearlier days but in current day we see Accounting as a seperate discipline itself. In finance accounting is used to measure out profi/loss, appreciation/depreciation, earnings, assets and liabilities.