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Sagot :
Accounting; all the transactions i.e. all the money received or spent is recorded by an agent or an account it is called accounting.
More about accounting:
The process of reporting, recording, evaluating, and summarising economic data is referred to as accounting. By giving information about the company's financial situation, accounting enables a company's decision-makers to take wise decisions.
Accounting is the "art of recording, classifying, and summarising in a meaningful way and in terms of money, transactions and events which are, at least in part, of financial character, and interpreting the results thereof," according to the American Institute of Certified Public Accountants (AICPA).
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