Accounting is defined because the since the art of recording, categorizing, after which you can summarizing in a very noteworthy manner regarding transactions, revenue and situations that happen to be of economic character, and comprehending the results thereof.
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Accounting is about a sequence of steps which might be to get executed appropriately. These are largely recording, then summarizing, reporting, And eventually examining the economic transactions. Recording includes documenting the revenues and coming into purchases and expenditures.
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