Accounting is a process by which businesses present their Financials to public. This is a way to record, analyze and report financial transactions. Accounting is crucial to every company for taking all kinds of Financial and Managerial decisions. Accounting is subdivided as Cost Accounting, Financial Accounting, Tax Accounting, Auditing, Capital Budgeting and Managerial Accounting. This is the accounting which present clear picture of the business and its performance through Balance Sheet, Income Statement and Statement of Cash Flow.
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