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ACCOUNTING (Art of classifying, record and summarizing transactions and…
ACCOUNTING
- Art of classifying, record and summarizing transactions and business events in monetary terms.
- Interpreting the result to interested parties to enable them to make decisions.
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BOOKKEEPING
- The mechanical aspects of accounting such as classifying, recording and summarising transaction systematically in accordance with certain principles/rules.
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- Consumer of the product/services
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