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jek_recluse [69]
2 years ago
5

_____is recording, classifying, summarizing and interpreting of financial events and transactions in an organization to provide

interested parties needed financial information.
Business
1 answer:
alexandr1967 [171]2 years ago
5 0

<u>Accounting </u>is recording, classifying, summarizing, and interpreting financial events and transactions in an organization to provide interested parties with needed financial information.

<h3>What is the need for accounting?</h3>

Accounting is essential in the company because it allows you to track income and expenses, maintain statutory compliance, and offer quantitative financial information to investors, management, and the government for use in making business choices.

Therefore, <u>Accounting </u>is recording, classifying, summarizing, and interpreting financial events and transactions in an organization to provide interested parties with needed financial information.

Learn more about accounting:

brainly.com/question/26690519

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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

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The answer and procedures of the exercise are attached in the image below.

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