What is the purpose of accounting?
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What is the purpose of accounting? |
Answer and Explanation
Here is a tip:
Accounting is a system of gathering information.
Explanation
The purpose of accounting is to provide an organized system to convey financial information about the operating, investing, and financial situation of a company to interested parties ranging from individuals to large entities.
Verified Answer
The purpose of accounting is to provide an organized system to convey financial information about a company.
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