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A Simple Definition of Accounting

Accounting is the process of recording, organising, and comprehending a company's financial data.<br>Wanna know more about accounting assignment help, Visit us@ https://www.myassignmentservices.com/accounting-assignment-service.html

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A Simple Definition of Accounting

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  1. A SIMPLE A SIMPLE DEFINITION OF DEFINITION OF ACCOUNTING ACCOUNTING ACCOUNTING IS THE PROCESS OF RECORDING, ORGANISING, AND COMPREHENDING A COMPANY'S FINANCIAL DATA. ACCOUNTING VS BOOKKEEPING Accountingistheprocessof bringingthefinancialrecordsto goodusethroughanalysis, policy, andtaxpreparation Bookkeepingistheprocessof recordingandcategorising financialtransactions. Bookkeeping is a part of accounting. MAJOR STEPS OF ACCOUNTING 2. Createaledgerentry foreachtransaction 1. Analyzeandkeep trackofpurchases 3. Prepareanunadjusted trialbalance 4. Attheendofthecycle, prepareadjustingentries 5. Makeacorrectedtrial balance. 6. Financialstatements shouldbeprepared. WHAT DOES AN ACCOUNTANT DO? Agoodaccountantwillsaveyoutimebyexplainingthe company'sfinancialsituation. WHAT ARE THE TWO TYPES OF ACCOUNTS 1. 2. RealAccountant NominalAccountant Justseekaccountingassignmenthelptogetyour assignmentsdone. Youcanavailaccountingassignmentwritingserviceat reliablerates. Formoreinformation, visit- www.myassignmentservices.com

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