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  • Basic accounting tips
    Basic accounting tips

    Accounting is not just about keeping an account of cash flow and expenditure. It involves thorough knowledge of profits losses, incomes and expenditures. Without the basic knowledge of accounting it is impossible to know how much profit or loss the business is making. About 500 years ago a man called Fra Luca Pacioli noted that three things are needed for business first sufficient cash. Second being comfortable with the numbers side of business third a system of organizing financial information. Today this is called financial accounting.
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