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Financial accounting is a recording, summaring, classifying, communication, anlaysing of business transactions in oder to ascertain the financial position at a given time.

and the trms use in financial accounting are: The dual concept in accounting, that is Debit the receiver's account and credit the Giver's account

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Why cost accounting is used instead of financial accounting?

cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced


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Language of business


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