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Financial accounting is a crucial aspect of any business, as it provides the necessary information to stakeholders for making informed decisions. In this article, we will discuss the role of financial accounting in business decision-making. Financial Statements Financial statements are the primary output of the financial accounting process. They provide...

Accounting is the language of business. It is a process of recording, classifying, and summarizing financial transactions to provide relevant information to stakeholders. In this article, we will discuss the basics of accounting principles and practices. The Accounting Equation The accounting equation is the foundation of accounting. It states that...