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Accounting is a systematic strategy for recording, classifying and summarizing the working day-to-day transaction in an organization. Accounting helps the business enterprise companies to evaluate Each and every transaction correctly. It provides the basic guideline to keep up Every detail of a company transaction.

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Advantages of Accounting Offers the economical placement - It helps the businessmen to get ready a balance sheet at the end of yearly, which help them to recognize the financial posture of a company. It highlights the worth of belongings and liabilities of the enterprise.

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