Accounting is the process of recording, summarizing, and analyzing the financial transactions of a business. It involves tracking the money that flows in and out of a business and creating reports that show the financial health of the business.

Businessmen need to know to account because it helps them to make informed decisions about their business. Accounting provides them with the information they need to manage their finances, create budgets, and plan for the future. It helps them to understand how much money is coming in and going out of the business, where the money is being spent, and how much profit the business is making.

Accounting also helps businessmen to comply with tax regulations and other legal requirements. By keeping accurate financial records, businessmen can ensure that they are paying the right amount of taxes and avoiding penalties and legal issues.

Overall, accounting is essential for businessmen because it provides them with the information they need to manage their finances effectively and make informed decisions about their businesses.