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Recording Transactions
The act of documenting financial activities in the accounting records of a company.
Financial Statement
A formal record of the financial activities and position of a business, individual, or other entity, typically including balance sheets, income statements, and statements of cash flows.
Accounting Year
A specific period of 12 months over which a company's financial and tax records are calculated, not necessarily aligning with the calendar year.
Demonstrate Compliance
The act of proving that actions, procedures, or products meet specific standards or regulations.
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