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Ch 1

Accountancy

There r 2 definitions for accounting .which shd i write in exam ? THE ART OF RECORDING ,CLASSIFYING ,SUMMARIZING IN A SIGNIFICANT MANNER AND KN TERMS OF MONEY,TRANSACTIONS AND EVENTS WHICH ARE IN PART AT LEAST ,OF A FINANCIAL CHARACTER AND INTERPRETING THE RESULTS THEREOF . OR THE PROCESS OF RECORDING, CLASSIFYING ,SUMMARIZING ,ANALYSING ,AND INTREPREETING ,THE FINANCIAL TRANSACTIONSAND COMMUNICATING THE REULTS TO THE PERSONS INTERESTED IN SUCH INFO .