It is true that financial account helps to collect, record, classify, summarize, report and analyze the financial condition of an organization
Financial accounting refers to a process (including bookkeeping) which helps in recording, classifying, summarizing, analyzing and reporting the company's business transactions through various financial statements.
Financial statement which are produced by accountant helps to reveal the business financial condition to interested users.
Therefore, it is true that financial account helps to collect, record, classify, summarize, report and analyze the financial condition of an organization.
Read more about this here
brainly.com/question/3209140
