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It is a branch of accounting that consists of the process of recording, reporting and summarizing the myriad of transactions ensuing from organization functions over a period of time. Each one of these transactions are obtained by means of economical statements.
This is when financial management techniques in. The best possible utilization of finance is the key to achievement. Using additional finances will boost the price of the products or services. Using considerably less finance will bring about inferior merchandise or solutions. So, a harmony have to be struck to create a perfect product at the least Charge.
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