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What is a accounts? and why have u prepare Accounts only one
methods ?have a possible a different pattern?
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Answer Posted / hemant
Account means to record transaction properly and it help in
maintaining the books and accounts of the company.Account
also help in finding the Profit/Loss of the co. There are
two type of method i.e. Single Entry System and Double
Entry Sysstem. Changing of method create various
difficulties in preparing the accounts. Most of the co.
adopt double Entry System.
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