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Such a accounting focuses on the preparation of tax returns and tax payments. The purpose is to make sure that the company pays the correct volume of taxes; will not overpay or underpay.Closing journal entries are created at year-finish to organize momentary or nominal accounts for the following accounting interval. The amounts of nominal accounts

The economical statements Employed in accounting absolutely are a concise summary of monetary transactions over an accounting interval, summarizing a business's operations, economic place, and cash flows.It truly is an educational posting. It is critical to grasp the difference between accounting and finance. It is suitable for people who are merel