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basics of accounting

basics of accounting

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Published by Naina_Dwivedi_6514
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Categories:Business/Law
Published by: Naina_Dwivedi_6514 on Oct 08, 2010
Copyright:Attribution Non-commercial

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03/22/2013

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TOPIC:
INTRODUCTION TO  ACCOUNTING 
 
Members in the group:
Naina dwivedi
Megha Shukla
Parth Shridhar
Nitika SharmaRoll No.-85Roll No.-80Roll No.-99Roll No.-83
 
W
hat Is Accounting ?
Acc
ounting is a system of re
c
ording information about abusiness.
T
he systemati
c
re
c
ording, reporting, and analysis of finan
c
ialtransa
c
tions of a business .
T
he person in
c
harge of a
cc
ounting is known as ana
cc
ountant, and this individual is typi
c
ally required to followa set of rules and regulations su
c
h as the Generally
Acc
epted
Acc
ounting Prin
c
iples.
Acc
ounting allows a
c
ompany to analyze the finan
c
ialperforman
c
e of the business, and look at statisti
c
s su
c
h as netprofit.

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