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accounting - Coggle Diagram
accounting
The goal of accounting is to provide information to the owners and partners of a business about what is owed and owed. It can be split in managment and financial goal. **
The administrative objective ** is to provide information to administrators so that they plan, make decisions and control operations and the financial objective is to provide information on the operations carried out by an entity, mainly in the past.
examine, classify and record, report, interpret
Balance accounts
asset, liability, capital
active: These are the resources that the company or a person has. They are those that are counted on to produce.
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it is the art of registering, classifying and summarizing in a meaningful way and in terms of money, operations and events that are at least of a financial nature, as well as interpreting their results "