most organizations or business firms has their own accounting system to prepare financial statement, income statement, reports to financial analysts, bills of customers and other type of accounting information. An acounting system consist of entities, personal, devices, and network of softwars. Which are used to make the accounting records and developing accounting information and communicating this accounting information to decision makers. Accounting system often make used in the form of computer, other electronic devices and hand written form, business organizations has their own accounting system and includes all of these components. There are specific acounting system to record the economic activities of the organizations, the recorded data are classified and subtotal the activities within the system, at the end the economic data are summerized in the reports to provide the information about the over all economic activities to make decisions about business. Economic repo
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