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Purpose of Accounting a. Describe the purpose of accounting. b. What does the accounting
Chapter 2, Problem 5(choose chapter or problem)
QUESTION:
Purpose of Accounting
a. Describe the purpose of accounting.
b. What does the accounting system do?
Questions & Answers
QUESTION:
Purpose of Accounting
a. Describe the purpose of accounting.
b. What does the accounting system do?
ANSWER:Step 1 of 3
The process of recording the financial transactions of the business in a well-structured manner in the books of account is called accounting.