Business Dictionary :
Accounting





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Accounting : noun : work of recording money paid, received, borrowed or owed


Accounting machine, accounting methods, accounting procedures and accounting system are few other terms associated with Accounting.


Accounting Period : period usually covered by a firm's accounts


Cost Accounting = preparing special accounts of manufacturing and sales costs


Current Cost Accounting = method of accounting which notes the cost of replacing assets at current prices rather than valuing assets at their original cost


NOTE : no plural


QUOTE : All applicants will be professionally qualified and have a degree in Commerce or Accounting. (Australian Financial Review)

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