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5 Features of Accounting​

User Rajvijay
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1 Answer

2 votes

Answer:

1. Recording

2. Classifying

3. Summarizing

4. Analyzing

5.Communicating

Step-by-step explanation:

1. Recording:

The first feature is recording of sales and transactions.

2. Classifying:

Classifying the sales or the transactions is the grouping of data depending on the nature of the data.

3. Summarizing:

Summarizing is an important feature as it summarizes data in groups based on the fields which will help the accessing easier.

4. Analyzing:

Analyzing the data helps in finding the strengths and weaknesses of the sales and transactions.

5. Communicating:

Communication is used to inform the client about the analyzation and intrepretated data.

User MattyV
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