Originally posted: 3/30/2020
Accurate: “free from error especially as the result of care; conforming exactly to truth or to a standard; (of information, measurements, statistics, etc.) correct in all details; exact; going to, reaching, or hitting the intended target, not missing the target.”
Accounting: “a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating [credits and debits]. It reveals profit or loss for a given period, and the value and nature of assets, liabilities and equity.” Continue reading