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    Accounting Exercises

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    5- Why is accounting often referred to as the "language of business"?

    7- What are generally accepted accounting principles (GAAP)? Who currently develops and issues GAAP? What is the purpose of GAAP?

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    5- Why is accounting often referred to as the "language of business"?

    Accounting is the means by which information about an enterprise is communicated and, thus, is sometimes called the language of business. For a business or ...

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