Main objective of financial accounting
Chapter1: Financial Statements And Business Decisions
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Main objective of financial accounting
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Step 1
Financial Accounting
In the financial Accounting the basic process is to record the required transaction which are incurred into the business which is used for preparing the financial reporting system or statement for the stakeholders of the business as well. The major financial statement are listed out below
- Income Statement
- Statement of Financial Position (Balance Sheet)
- Cash flow Statement
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