explain any three points of uses of accounting
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Accounting information is used to prepare financial statements. Financial statements report on a company's position for a specific time period. ... The most common statements are the income statement, balance sheet, cash flow statements and the statement of retained earnings.
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Accounting information is used to prepare financial statements. Financial statements report on a company's position for a specific time period. The most common statements are the income statement, balance sheet, cash flow statements and the statement of retained earnings.
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