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Compare Financial and Managerial Accounting

question 49

Essay

Compare financial and managerial accounting.Discuss the environment in which each is relevant.


Definitions:

Payment

The act of giving money or other compensation to settle a transaction or obligation.

Fund

A collection of money set aside for a specific purpose or invested to generate income.

Exist

To have actual being or reality.

Value

The importance, worth, or usefulness of something.

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