write any three accounting features?
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Following are the characteristics features of Financial Accounting:
1) Monetary Transactions:
2) Historical Nature:
3) Legal Requirement: ..
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- Monetary Transactions: In financial accounting only transactions in monetary terms are considered. ...
- Historical Nature: ...
- Legal Requirement: ...
- External Use: ...
- Disclosure of Financial Status: ...
- Interim Reports: ...
- Financial Accounting Process:
Explanation:
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