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Saturday, April 13, 2013

Accounting

Accounting or bookkeeping is a process record, classify, summarize, process and present data, transaction  and finance related events that can be used by people who use it easily understandable for a decision- making and other purposes.

 

There are five reports in the reporting of  Financil Accounting:

  1. Income Statement

  2. Equity Statement

  3. Balance Sheet

  4.  Statement of cash flow

  5. Note to the financial statement 

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