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Part 1, started with the Basics by discussing: Part 3, the next training in this series, illustrates and discusses the Balance Sheet, the Income Statement and analyzing financials • Business Types • Business Organization • Professional Advice • Accounting and Records • Accrual Accounting • Basic Bookkeeping Book-keeping, accounting and accountancy Book-Keeping – Book-keeping is recording the business transaction of monetary aspects in books of accounts. As a business owner or manager, you understand the importance of hav In today’s digital age, businesses are constantly looking for ways to streamline their operations and improve efficiency. Accounting Basics. need of accounting; • discuss accounting as a source of information; • identify the internal and external users of . ver the centuries, accounting has remained . The journal is actually the book of first entry. 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