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1. Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows.
2. This app has been designed to help beginners pursuing education in financial accounting or business management.
3. In cost accounting, we study about variable costs, fixed costs, semi-fixed costs, overheads, and capital costs.
4. Management accounting provides data to the management on the basis of which they take decisions to achieve organizational goals and improve their efficiency.
5. Accounting is a comprehensive system to collect, analyze, and communicate financial information.