a. Define the term accounting. What are some of the tasks that accountants perform?b. Shou

a. Define the term accounting. What are some of the tasks that accountants perform?

b. Should financial accounting principles be based upon income tax regulations?

c. What form of business organization would you expect the following industries to take? Why?

a. Steel industry.

b. Law.

c. Retailing.

d. Farming.