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The whole process of identifying, measuring, recording and speaking the required facts connected to the economic functions of a company on the intrigued buyers is known as accounting. Accounting is often called the language of small business. At the conclusion of yearly, businessmen need to know whether or not they have attained gains or incurred losses in the 12 months.

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The phrase "accountant" is derived within the French word compter, which happens to be also derived from the Italian and Latin word computare. The term was formerly created in English as "accomptant", but in process of time the term, which was generally pronounced by dropping the "p", became slowly adjusted both equally in pronunciation As well as in orthography to its current type.[23]

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