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What are the Functions of Accounting
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Answer / mounika
1)Recording of business transactions
2) communication of results to various parties
3) meeting legal obligations
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You give a loan for your friend a 1000 rs he returns 600 rs and u have to close ur accounts what should u do to close the accounts? and given the journal entry for 400 rs?and where will the 400 rs come in new account and entry for that
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