TOPIC: What is Accounting?In this course you have learned about the different components of accounting and the intricate part it plays in any business we can imagine today.!In a 2 page paper discuss what accounting is and describe the various terms of accounting.! In your daily life accounting is used in daily transactions.! Discuss these daily transactions that take place (bank transactions, purchases, returns, payroll, etc.) and how it effects businesses that handle these transactions.