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Answer Posted / kiran
Accounting is the analysis and interpretation of
book-keeping records. It includes not only the maintenance
of accounting records but also the preparation of financial
and economic information which involves the measurement of
transactions and other events relating to the entity.
In simple words we can say that-
accounting is an art.......
of recording, classifying and summarizing.........
in terms of money......
transactions and events of financial nature and
interpreting the results thereof.
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