Accounting is governed by multiple regulatory bodies depending on which field you are studying. Accounting is the process of collecting, reporting and classifying financial transactions for the company to keep the track of its stability and help the management to make reasonable decisions.
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Accounting. Accounting is the recording of the financial transactions of a business or organization. It also involves the process of summarizing, analyzing, and reporting these transactions in financial statements. These financial statements are critical for the work of bookkeepers at a business or organization.
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