explain accounts and accounting.
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Accounting is the process of recording, cataloging, analyzing and reporting a company's financial transactions. Proper accounting allows a company's management to better understand the financials of its business. This is so they can strategically plan its future expenditures in order to maximize profit.
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Accounting is the process of recording financial transactions pertaining to a business .The accounting process include summarizing ,analyzing and reporting these transactions to oversight agencies ,regulators and tax collection entities
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