Master the Basics of Accounting
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Questions and Answers

What is accounting?

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.

What are the main objectives of accounting?

The main objectives of accounting are to provide financial information about a business, facilitate decision-making, and ensure compliance with legal and regulatory requirements.

What are the different branches of accounting?

The different branches of accounting include financial accounting, management accounting, tax accounting, and auditing.

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