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★ «What is accountancy? » ★

  • 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.

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Answer :-

  • Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. ... The terms "accounting" and "financial reporting" are often used as synonyms.

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