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what is the account \
what is the account payable
what is the account receible
what is the internal adit
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Answer Posted / asharani
account is a idetifiying, messuring, recording, classifiying and analysing.
from whom goods were purchased on credit or services rendered on credit is called account payable.
To whom goods were sold on credit or services rendered on credit is called account receivable.
every organisation having this internal audit it means before giving company balance sheet for auditing to any charterred accountant ,the company's finance department will audit every transaction is called internal audit.
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