What is the Definition of Accounting?
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What do You Mean by Accounting?
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According to Smith and Ashburne definition of Accounting : Accounting is the science of recording and classifying business transaction and events, primarly of a financial character, and the art of significant summers, analysis and enterpretations of those transactions and events and communicating the results to persons who must make decisions or form judgement.

According to American Institute of Certified Public Accounts : Accounting is the art of recording, classifying and summarising in a significant manner and in the terms of money, transactions and events, which are, in part atleast, of a financial character, and interpreting the result thereof.

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