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Fundamentals of Accountancy, Business and Management 1 Notes

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This is a notes of Fundamentals of Accountancy, Business and Management 1 subject for ABM students.

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Nature of Accounting

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-is the language of business because it is where you can get the exact information on what happened in the operator of the business.
-It has to follow the logical steps in the Accounting system: Recording, Classifying, Summarizing Financial transaction and Interpreting or communicating.
-It has information system which is interrelated components that work together to achieve a common purpose.
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