Monday, December 30, 2013

Definition and Objectives of Bookkeeping and Accounting Systems

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Accounting is defined as “the art of recording, classifying and summarizing in terms of money transactions and events of financial character and interpreting the results thereof.” In simplest words, we can say:
(1) Accounting is an art
(2) of recording...
Definition and Objectives of Bookkeeping and Accounting Systems

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