In
business numerous transactions take place every day. It is humanly impossible
to remember all of them. Hence the need to record them. The recording of
business transactions .is the main function served by Accounting. With the help
of accounting records the businessman is able to ascertain the profit or loss
and the financial position of his Business at the end of a given period and
communicate such information to all interested parties. In this unit we intend
to have an overview of Accounting and discuss its nature, . scope and
importance.
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Download from Google Drive
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