Introduction to accounting | Principle of accounting | Fundamental of accounting in Amharic Part 1
John
English
College Students
Concise
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Summary

Accounting is the process of identifying, recording, and communicating economic events for decision-makers. It distinguishes between internal users, like managers, and external users, such as investors. Key principles include historical cost and fair value, ensuring financial information is relevant and reliable while adhering to accounting standards for accurate reporting.

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