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Stage 7.  Calculate the whole from the sum of the different accounts and current them in economical statements. The statement is established for both interior and external use.

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Non-Income Accounting: This location of accounting offers with Those people statements and transactions which have the motive apart from introducing earnings into the small business. It includes charities, donations, activities and so on.

This classification will not be exhaustive; other probable methodologies involve the usage of circumstance research, Laptop or computer simulations and subject analysis.[56]

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