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Accounting is the systematic process of identifying, recording, classifying, summarizing, interpreting, and communicating financial information of an organization. It provides a structured method for collecting financial data related to business transactions and presenting it in a meaningful form so that managers, owners, investors, and other stakeholders can make informed economic decisions. In simple terms, accounting ____ ______ _____ ____ _____ ________ _____ _____ _______ _________ _________ ___.
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