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What do you mean by Accountancy and Accounts?

Answer Posted / lxmi1972


Accountancy means a study of subject in which all the
accounting transactions will be consolidated and Financial
status of the company is known.

Accounts means recording of all transactions by book
keeping and finally to show a true and fair view of the
company status for a desired period. (Say Year closing)

Is This Answer Correct ?    23 Yes 2 No



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