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What is Accounting with Example | Objectives of Accounting

July 2, 2020 by soulking Leave a Comment

Accounting is the method of systematically capturing a financial transaction so that a business can understand where do they stand financially. It helps them realise how financially sound they are, how much they owe, how much they are owed, how much they have which they can invest in themselves, etc.

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Filed Under: Education Tagged With: accounting, balance sheet, how to do accounting, loss, profit, purpose of acounting

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