Actually in our live everyday, we have been doing acounting activities. When anyone asks, at the beginning of the month how much mony that you have, at this time how much money is left, and used for anything ? So, you will perform a search on your mind, then began classifying expenditure / intake that occurs, likes for transportation, to eat, etc until your money show the amountat at the beginning of the month.
Technically, accounting is a collection of procedures of recording, classifying, summarizing and reporting in the form of financial statements. Accounting is the menasurement, translation, or provision of assurance about information that will help manager, investor, tax authorities and other decision to make resource allocation decisions within companies, organizations, and government agencies. Accounting is the art of measuring, communicating and interprating financial activity. Broadly, accounting is also known as the language of business. Accounting aims to prepare accurate financial statements that can be used by managers, policy makers, and other interested parties, such as shareholders, creditors, or owners.
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