Accounts Classes

• January 12, 2024
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Accounting is the process of recording financial transactions and estimates and using the information to inform critical financial decisions. Simply said, accounting is the ability to monitor all business activity and determine how those transactions impact the bottom line.Historians assert that thousands of years ago, accounting was initially used to record animals and harvests. Tokens made of clay were employed for this. Over time, it has evolved into a sophisticated craft that is necessary to maintain financial stability. According to Wikipedia, accounting is the "art of recording, classifying, and summarizing in a meaningful way and in terms of money, transactions, and events that are, at least in part, of a financial character, and interpreting the results thereof."

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