Accounting is the art that is responsible
for studying, measuring and analyzing
equity, economic and financial situation
of a company or organization in order to
facilitate decision making within it and
the external control, presenting
information...
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Accounting is the art that is responsible
for studying, measuring and analyzing
equity, economic and financial situation
of a company or organization in order to
facilitate decision making within it and
the external control, presenting
information previously recorded in a
systematic and useful way for the various
stakeholders.
The account is the basic and central to the
accounting and payment services. It is also the
minimum accounting unit can summarize an
economic fact. The ledger account is valued in
monetary units representing each of the
elements of a company's equity (assets, rights
and obligations) and the result of it (income
and expenses), allows monitoring the
evolution of elements in time. Therefore, there
are many accounts as assets having the
company and, consequently, all the accounts
of a company is a complete representation of
equity and profit (profit or loss) of the
company.
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