what is Accountancy
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Answer:
Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
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Explanation:
Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization.
The key accountancy tasks are noted below.
1. Recordation
2. Classification
3. Reporting
4 · Financial accounting
5 · Management accounting
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