Accounting is concerned with balancing the organisation's financial accounts.

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Accounting is mainly concerned with recording, classifying, and summarizing financial transactions to produce financial statements that show the organization's financial position, performance, and cash flows. Balancing the accounts is an important part of this process. Accounting is the process of recording, classifying, summarizing and interpreting financial transactions to help businesses make informed decisions. One of the key roles of accounting is to ensure that the organisation's financial accounts are balanced and accurate.

Accounting Is Concerned with Balancing the Organisation's Financial Accounts