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What is Accounting?

accountingAccounting is one of the oldest professions in the world. The goal of this type of work is to record and report business transactions. There is evidence that people began using accountancy over 7,000 years ago; once we began trading with other people it became a necessity. The oldest books in the world are the Indian Vedas and this document contains information about accountancy. In the distant past it is uncertain if there were people employed full time as accountants, but as time passed humans developed bookkeeping and accountancy became a distinct profession.

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