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Questions and Answers
Accounting involves the process of recording, classifying, summarizing, and interpreting financial transactions and information.
True
The nature of accounting can be described from perspectives such as art, science, ideology, language, and information system.
True
One of the functions of accounting is to oversee monetary transactions.
True
Accounting helps in the decision-making, planning, controlling, and evaluating of the business operations and performance.
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The history of accounting can be traced back to ancient civilizations like Mesopotamia, Egypt, and India.
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