Final answer:
The purpose of accounting is to provide financial information about the current operations and financial conditions of a business to individuals and organizations.
Step-by-step explanation:
The purpose of accounting is to provide financial information about the current operations and financial conditions of a business to individuals and organizations. It helps stakeholders, such as investors, creditors, and managers, make informed decisions based on the financial health and performance of the business. Accounting involves recording, classifying, summarizing, and interpreting financial transactions and events.