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Financial accounting is said to be a system which would record, classify and then summarize the financial transactions that take place within an enterprise. Through our financial accounting Pearson answers it is possible to understand and interpret results that usually help in better decision making process. The subject covers different aspects of study. Firstly, you need to identify the financial transactions that are happening within the firm and then record them.
Once you summarize the transactional data, it becomes convenient for you to draw conclusion based on relevant information. Some of the transactions included in financial records are:
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