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Importance of Financial Accounting in Commerce

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Importance of Financial Accounting in Commerce

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  1. Importance of Financial Accounting in Commerce  

  2. CONTENTS • INTRODUCTION • WHY FINANCIAL ACCOUNTING IS IMPORTANT? • WHY CHOOSE DREAM ASSIGNMENT FOR YOUR ASSIGNMENT? • ADVANTAGES OF USING DREAM ASSIGNMENT

  3. INTRODUCTION Financial Accounting is the branch of Accounting that deals with the recording, summarizing, and reporting the transactions during the business functions over a certain period of time. All of these transactions are collected for the financial statement’s preparation which includes the balance sheet as well as the income statement and the flow of cash.

  4. WHY FINANCIAL ACCOUNTING IS IMPORTANT? . Every companies integral part is Financial Accounting. Because it deals with the following communication to the external clients. All the statements and reports are produced by the financial accounting that are being used for communication for the overall wealth and well-being of the company to other clients.

  5. WHY FINANCIAL ACCOUNTING IS IMPORTANT? We know that information is the vital factor for various companies. Financial Accounting provides the policies and procedure for the financial information in business. At certain point, the business might face failure. Many individuals are into the evaluation of the company's success by measuring financial statement and financial accounting does the job for the business.

  6. ACCOUNTING CYCLE

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  8. ADVANTAGES OF USING DREAM ASSIGNMENT • All the financial related assignments are done by professionals. • All the professionals are efficient and knowledgeable. • Assignments are done within a proper given time. • Accurate as stated in the assignment. • Low costs.

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