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Accounting is outlined because the given that the art of recording, categorizing, and then summarizing within a noteworthy fashion regarding transactions, income and activities which are of financial character, and being familiar with the outcomes thereof.
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Accounting is centered redirected here on a sequence of methods that happen to be to generally be executed adequately. They're mostly recording, then summarizing, reporting, And at last analyzing the economical transactions. Recording includes documenting the revenues and coming blog into purchases and expenditures.
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