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what is accouting Related: Introduction to Accounting - Class 11 - Ac...
Accounting
Accounting is all about the process that helps to record, summarize, analyze, and report data that concerns financial transactions. Let’s understand the components a little better to understand the true meaning of accounting.
Recording
The first and foremost function that accounting looks forward to achieving is the recording of the different transactions that are made within the firm. This can also be referred to as book-keeping which is a process of recognizing the transactions and setting them up as records.
Book-keeping is only concerned with the recording segment and nothing else. Accounting maintains a few books for the cause of recording. The maintenance of the procedure happens in a systematic manner.
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what is accouting Related: Introduction to Accounting - Class 11 - Ac...
Accounting
planning, recording, analyzing, and interpreting financial information
planning, recording, analyzing, and interpreting financial information
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what is accouting Related: Introduction to Accounting - Class 11 - Accountancy?
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what is accouting Related: Introduction to Accounting - Class 11 - Accountancy? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what is accouting Related: Introduction to Accounting - Class 11 - Accountancy? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is accouting Related: Introduction to Accounting - Class 11 - Accountancy?.
what is accouting Related: Introduction to Accounting - Class 11 - Accountancy? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what is accouting Related: Introduction to Accounting - Class 11 - Accountancy? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is accouting Related: Introduction to Accounting - Class 11 - Accountancy?.
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