1. What does Accounting means and for what purpose we need it?

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asked Mar 23, 2024 105k views

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Vitfo · Answer 1 · 2024-03-27T21:37:23+0000

Answer:

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. It is used to provide information to those who need it to make informed decisions, such as investors, creditors, and management.

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1. What does Accounting means and for what purpose we need it?

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