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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials. Corporate accounting refers to the process of recording a company’s financial transactions. What is Corporate Accounting?

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Double Entry System of Accounting – Meaning & Benefits

Razorpay

The double-entry system is a method of bookkeeping that records financial transactions in two accounts. Simply put, the double entry system means that every financial transaction is recorded in at least two different accounts: one account is debited (money going out) and another account is credited (money coming in).