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Accounting
Accounting
The process of recording, summarizing, and reporting financial transactions to understand the financial health of an individual or organization.
Accounting includes bookkeeping, financial reporting, audits, and tax preparation. It provides transparency and helps make informed financial decisions.
Accounting is like the diary of your money — keeping track of every dollar in and out.
Real world: A business tracking expenses, revenue, and taxes to ensure accuracy and compliance.
💡 Accounting tells the story of your finances, ensuring clarity and accountability.