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2. W
HAT DO YOU
MEAN BY
ACCOUNTI
NG?
Accounting is sharing and processing all the financial
and various kinds of data or information of an
organization or a business. Accounting helps in
summarizing all the information in a journal entity. If
any analyst reads an organization's records or journal
entities, they can quickly learn all about the financial
condition of that organization.
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3. Accounts receivable and payable
Payroll
Documents and financial statements
Financial control
Maintain records
Budgeting & Inventory management
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What seven
tasks does
accounting
perform?
4. I
MPORTANCE OF
ACCOUNTING:
There is various importance of
accounting, such as:
Funding Company
growth
Essential for the owner to exit
Essential to collect payment
5. SIGNIFICANT OF
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