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Define the purpose of accounting and identify the four basic financial statements?

The purpose of accounting is provide information to the users like investors ,financial institutions and to other clients. The four basic financial statements are balance sheet,income statement,cash flow,statement of retained earning.


What are the four broad fields of accounting?

The four broad fields of accounting are:FinancialManagerialTaxationOther/Accounting-related


Distinguish the four phases of accounting?

Four phases of accounting is as follows:RecordingClassifyingSummarizingInterpreting.


Identify the four basic categories in a typical hardware unit?

The four basic categories in a typical hardware unit are input, processor, storage and output. A complete computer system features these along with software.


The 4 phases of accounting and their meaning?

four phases of accounting and their meaning


What are the basic steps of transaction analysis?

There are four basic steps to the accounting cycle and transaction analysis. They steps are to analyze business events, record the effect of these events, summarize the effects of the events, and to prepare the reports on that subject.


What is the 4 fields of accounting?

In accounting there are four main areas. They are as follows corporate accounting, corporate finance, public accounting and investment banking.


What are the four major of accounts?

The basic function of Accounting includes the creation, maintaining, managing financial records ranging from business transactions and maintaining the process of creating wealth. Accounting facilitates in order to assess the financial position of a certain business at any particular time.


What four features of animals which are not affected at all by the environment and four which are?

Four features of animals that are not affected by the environment include their genetic makeup, basic physiological processes, anatomical structure, and instinctive behaviors. Four features that are affected by the environment include coloration (camouflage), ability to tolerate temperature extremes, diet preferences, and predator-prey relationships.


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Discover the top four bookkeeping software options for your business needs?

The top four bookkeeping software options for your business needs are QuickBooks Online, Xero, Wave Accounting, and FreshBooks. These software solutions offer comprehensive features for managing finances, invoicing, expense tracking, and reporting. They are user-friendly, scalable, and provide integration with other business tools. Consider your specific requirements and budget to choose the best fit for your business


Four phases of accounting?

recording classifying summarizing interpreting