Accounts Coaching for Class 11th

• January 23, 2024
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Accounting is the practice of keeping track of a company's financial transactions. Summarizing, analyzing, and reporting these transactions to regulatory bodies, tax collection organizations, and oversight agencies are all part of the accounting process. A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct overview of financial transactions over the course of an accounting period. One of the most important tasks for practically any organization is accounting. It could be managed by a small business's bookkeeper or accountant, or larger firms' huge finance departments with several dozen staff members. Management may make wise business decisions with the aid of the reports produced by the different accounting streams, such as cost accounting and managerial accounting.

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