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Accounting
Book keeping
What is Book keeping?
 Bookkeeping in the context of a business
is to record financial transactions.
Transactions include purchases, sales,
receipts and payments by an individual or
organization
Bookkeeping
is not the same
as accounting!
 Account
 Payable accounts
 Deceivable accounts
 Balance
 Budget
 Earnings
 Cash flow
 Income
 Tax

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