State the scope and importance of accounting.
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The scope of Accounting is wide and extends in business, trade, government, financial institutions, individuals and families and every other arena. The accounting principle is used in every step. ... The functions of Accounting are to keep accounts of those financial transactions.
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1
Answer:
The scope of Accounting is wide and extends in business, trade, government, financial institutions, individuals and families and every other arena. The accounting principle is used in every step. ... The functions of Accounting are to keep accounts of those financial transactions.
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