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Accounting is a term given to recording financial transactions of a business, systematically and in detail. Accounting plays a very necessary role in running our economy. It lays the basic foundation of an already running business because it tracks the flow of money, the received money as income and the spent money. It ensures that the financial transactions are in details which can be further given investors, management, and government with proper quantitative financial information which can be further used in making decisions for that particular business. For keeping any business afloat, it is very necessary to keep the records clean, which is only possible by learning to account.
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