► Financial accounting is the process of recording, summarizing and reporting the myriad of transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements, including the balance sheet, income statement and cash flow statement, that encapsulate the company's operating performance over a specified period.✦ 【Topics Covered in this App are Listed Below】 ⇢ Rectification of Errors ⇢ Capital and Revenue ⇢ Final