What is Accounting?
Accounting - The systematic recording, reporting, and analysis of financial transactions of a business.
The person in charge of accounting is known as an accountant, and this individual is typically required
to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles.
Accounting allows a company to analyze the financial performance of the business, and look at
statistics such as net profit.
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View Glaccounts #409
ID
409
Groupd ID
59
Acct Code
050
Description
Subsidy from General Fund Proper/Other Special Accounts