Lecture-12 - THE ACCOUNTING PROCESS BOOKKEEPING...

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THE ACCOUNTING PROCESS
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Accounting 1. Includes bookkeeping 2. Includes much more such as the entire process of identifying, recording, and communicating economic events. Bookkeeping 1. Involves only the recording of economic events 2. Is just one part of accounting BOOKKEEPING DISTINGUISHED FROM ACCOUNTING
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Users of Accounting Information Internal Users External Users
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