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Accounting System:
The accounting systems are the primary financial systems that any business should have in place to ensure accurate and usable financial information.
The basic records that make up an organisation's accounting system are:
All these records are linked with the consequence that an error in one particular record will influence the accuracy of information in all other reports.
The flow of information in the accounting system:
Goal of Shareholders wealth maximisation Shareholders' wealth maximisation goal gives us the best results since effectsof all the decisions taken by company and its managers ar
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