An optional step in the account cycle is the preparation of:

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A: INCOME STATEMENT Income Statement is one of the Important Financial Statement of the Company. Income…

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A: Answer:-  Journal entry meaning:- Direct entries into the main diary are referred to as journal…

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Q: Free cash flow

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.