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What Does annual account Mean?

According to Smith and Ashburne, “Accounting is the science of recording and classifying business enterprise transactions and activities, mostly of a fiscal character and also the art of creating significant summaries, Assessment and interpretations of those transactions and functions and speaking the results to persons who have to take decisions

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The measurement and Screen of The web fiscal consequences of comparable sort of transactions need to be dealt with in a very steady type.In accounting, a person accounting theory conflicts One more. For instance, stock needs to be valued on The premise of ‘minimum of the cost and current market cost’ According to the principle of conservatism.S

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