guys what is meant by accountancy
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It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity.
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Explanation:
accountancy is the practice of recording, classifying and reporting on businesses transcations for a business.
it provides feedback to management regardingthe financial resultsand status of an organisarion
Hope you understand
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