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Basics of accounting meaning and scope of accounting. The balance sheet displays assets, liabilities, and owners equity. Basics of accounting meaning and scope of accounting 1. Business is a socioeconomic activity and it draws its inputs from the society, hence its objective should be the welfare of the society. Main aim of this blog is to provided all academic resources and informations especially for commerce stream students. Ratio analysis mcqs multiple choice questions and answers. Inflation accounting requires statements to be adjusted according to price indexes.
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