Bookkeeping
, Key terms you need to understand before you start double entry bookkeep
Expenses Asset Income
Liability Drawings Capital
An accountant is responsible for providing reliable and relevant information for the various stakeholders of a business. This may include: preparing financial statements on behalf of a business checking whether the financial statements prepared by a business provide a true and fair view of its financial performance - a process known as 'auditing' introducing accounting procedures for new businesses analysing financial information to provide advice about where financial performance could be improved producing budgets for businesses ensuring that financial statements and tax returns are submitted by deadlines.
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