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Such organization consist of group of people working together for common goal. To accomplish its objectives, the organization uses resources ?material, labour and various types of services. It is imperative that such work should be carried out in the most effective and efficient manner since resources are both costly as well as scarce. the people in an organization need information about these resources & about the results achieved through using them. Parties outside the organization need similar information in order to make judgements about the organization. The system that provides this information is called accounting...
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