A proper definition of accounting is that it is the process of recording, summarizing, analyzing, and reporting the financial transactions related to a business. It explains how a business organization records, organizes and reports these transactions to regulators and other parties
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A proper definition of accounting is that it is the process of recording, summarizing, analyzing, and reporting the financial transactions related to a business. It explains how a business organization records, organizes and reports these transactions to regulators and other parties