define Accounting and state its objectives
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Accounting is the art of recording, classifying and summarising in a significant manner and in terms of money; transactions and events which are, in part at least, of a financial character, and interpreting the results thereof. ... The objective of accounting is to maintain systematic record of financial transactions.
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Accounting is the art of recording, classifying and summarising in a significant manner and in terms of money; transactions and events which are, in part at least, of a financial character, and interpreting the results thereof. ... The objective of accounting is to maintain systematic record of financial transactions
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