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With the basis for their financial planning and control and provide other interested parties ie investors and the government with information they can use to make decisions about these organisations. Bookeeping provides informational access to a firms financial condition fir three broad interest groups. It gives the firms management the information to evaluate financial performance over a previous period of time and to make decisions regarding future of business. It informs the public the holders or partners. Them interested in buying stock and the financial status of the firms over the previous year or quarter...
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