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August 1, 2023

What are the secrets and mysteries of accounting

Determining the results of economic activities (profit or loss) during a specific period of time. Choosing the main financial position in the institution, as the sources from which funds can be obtained are determined, and the methods of using these funds until a certain date. Disclosure of the financial flows that enter the institution, by calculating them during a specific period of time. Recording all operations carried out by the institution. Monitoring the financial operations that occur within the institution, especially cash transactions.

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