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Questions and Answers
What is accounting?
What is accounting?
Accounting is an information system that collects financial information, processes it, and presents the findings to users.
What was the main objective of writing down financial transactions in the initial days?
What was the main objective of writing down financial transactions in the initial days?
The main objective was to find out the end result of the transactions after a certain period.
What does accountancy consist of?
What does accountancy consist of?
Accountancy consists of accounting and the logical framework for the same.
Why did businessmen start writing down their financial transactions?
Why did businessmen start writing down their financial transactions?
How can accounting and accountancy be distinguished?
How can accounting and accountancy be distinguished?
What is the function of accounting?
What is the function of accounting?
What is the main function of accounting according to the passage?
What is the main function of accounting according to the passage?
Why did businessmen begin to write down their financial transactions?
Why did businessmen begin to write down their financial transactions?
What is the distinction between accounting and accountancy?
What is the distinction between accounting and accountancy?
What was the initial method used for keeping business transactions before writing them down?
What was the initial method used for keeping business transactions before writing them down?
What does accountancy consist of?
What does accountancy consist of?
What does accounting involve?
What does accounting involve?
What is the main function of accounting according to the passage?
What is the main function of accounting according to the passage?
What is the distinction between accounting and accountancy?
What is the distinction between accounting and accountancy?
What was the initial method used for keeping business transactions before writing them down?
What was the initial method used for keeping business transactions before writing them down?
What is the main objective of writing down financial transactions in the initial days?
What is the main objective of writing down financial transactions in the initial days?
What does accountancy consist of?
What does accountancy consist of?
What does accounting involve?
What does accounting involve?
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