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(nou) a convincing explanation that reveals basic causes (nou) a system that provides quantitative information about finances (nou) the occupation of maintaining and auditing records and preparing financial reports for a business (nou) a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts (nou) a statement of recent transactions and the resulting balance

Phonetic Transcription:



The accounting equation is an example of the accounting identity.

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