accounting is not concerned only with the recording of transaction
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Accounting is not just about recording of mere transactions in hundreds but it’s an art on which every business, every deed depends.
Everything that is we see with our eyes has the word business associated with it.
Look above, there’s the sky, business associated by aviation sector.
Look below, there’s road, business associated with construction sector.
So, accounting is more than just transactions, it is the regulator of everything, helps to keep things in their place.
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