Question

explain accounting terminologies​

Answer 1

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Accounting Terminology:

Accounting is a very necessary subject in the field of commerce. It is very hard to imagine business without accounting. Accounting terminology gives the complete description of the terms that are used and it is important to know the accounting terminology before delving into the subject.

It is important to learn about Accounting terminologies before starting with the study of accounting. Besides that, the knowledge about common terminologies of accounting help to easily understand the accounting in detail.