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Functions, Advantages & Limitations of Accounting

Note: Complete detailed lesson coming soon! This topic covers accounting's key functions, benefits, and realistic limitations for business decision-making.

Key Topics:

  • Recording Function
  • Classifying & Summarizing
  • Analyzing & Interpreting
  • Communicating Results
  • Advantages for businesses
  • Limitations (non-monetary events, estimates, historical data)
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