ACCOUNTING AS THE MIRROR OF ECONOMIC ACTIVITY
M.I.Karimjonova
Professor of the Department of Economic Sciences, Customs Institute, Doctor of Pedagogical Sciences (DSc) Associate Professor, Colonel
Maxmudova Hayotxon Oybek qizi
Customs Institute Second-year Cadet
Keywords: accounting, economic activity, business transaction, economic resources, income, expenses, financial result, financial reporting, chart of accounts, management, digitalization.
Abstract
The article analyses the role of accounting in reflecting the economic activities of a business entity, the movement of economic resources, the formation of income and expenses, and the close relationship between these processes and financial results. It examines the features of accounting as an integrated information system that goes beyond recording economic processes and reveals their substance. The reliability of accounting information, the professional judgement of accountants, and the importance of regulatory requirements are considered in connection with economic processes.
References
Law of the Republic of Uzbekistan No. 404 of 13 April 2016, “On Accounting” (new edition). https://lex.uz/uz/acts/-2931253
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