What is Accounting?
Posted: Tue Sep 06, 2011 10:47 am
Accounting is art of recording, classifying, summarizing in significant manner in term of money and transaction, events and interpretation of results there off.
Accounting is the art of recording, summarizing, reporting, and analyzing financial transactions. An accounting system can be a simple, utilitarian check register, or, as with Microsoft Office Accounting, it can be a complete record of all the activities of a business, providing details of every aspect of the business, allowing the analysis of business trends, and providing insight into future prospects.
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