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After the planning on the demo harmony, profits statement and closing accounts is prepared to the ascertainment of Web income and belongings and liabilities equilibrium with the closure on the textbooks.
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Accounting is commonly considered and acknowledged as "the universal language of businesses”. Sound knowledge of the area of accounting enables folks to keep track of, review and summarize all economical transactions in their organization therefore attaining the capability of constructing educated selections.
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A comparative review- Accounting helps the businessmen to take care of a scientific record which more supports them to check the effects on the current 12 months with the final results with the prior year.
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