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Monday, December 10, 2018

Defination of accounts


DEFINATION OF ACCOUNTS:

The systematic recording, reporting,& analysis of financial transactions of a business.Accounting or accounting is the measurement, processing & communication of financial information about economic entities. It was founded by Italian mathematician luca pacioli in the end of the 15th century. Accounting which have been called the language of business, measures the results of an organizations economic activities and conveys this information to a variety of users including investors, creditors, management, & regulations. Practitioners of accounting are known as accountants. The term accounting & financial reporting are often used as synonyms.


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1 comment:

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Defination of accounts

DEFINATION OF ACCOUNTS: The systematic recording, reporting,& analysis of financial transactions of a business. Accounting or accou...

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