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What do you mean by accounting ? |
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Answer» Accounting is the art of recording classfying and summarising in a significant manner in terms of money transactions and events which are atleast part of financial transactions and intrepreting the results thereof Accounting is the process of identifying, measuring, recording business transactions and communicating thereof the required information to the users It is the language of Business. Summarising the transactions, interpretating the results and then communicating is known as accounting. The art of recording |
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