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Accounting is defined as the as the artwork of recording, categorizing, and after that summarizing in the noteworthy way in terms of transactions, money and occasions which might be of financial character, and being familiar with the effects thereof.
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Accounting is focused on a sequence of ways which happen to be for being executed correctly. They can be mostly recording, then summarizing, reporting, And eventually analyzing the economic transactions. Recording includes documenting the revenues and getting into purchases and expenses.
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