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Accounting is all about a sequence of ways which happen to be to be executed thoroughly. They're predominantly recording, then summarizing, reporting, And eventually analyzing the financial transactions. Recording incorporates documenting the revenues and entering purchases and expenditures.
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Accounting is outlined as being the as the artwork of recording, categorizing, and then summarizing in a noteworthy fashion with regard to transactions, cash and functions which are of financial character, and understanding the effects thereof.
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