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Accounting

Accounting

Business   Accounting   
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Answer #1

Accounting is a science which provides the knowledge of recording of transaction and summarising the data which can be useful to find out the profit and loss for the particular period.

It is an art to classifying, summarising, and recording the day to day transaction.

In simple words, we can say that accounting is a tool which provides the rule and laws for recording the day to day business transaction. It is also called the language of  business because without accounting we can't compare and presented the business statement or financial statement.

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