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accounting still the same in past and now
The fundamental principles of Accounting are still same. However there are several readymade Accounting software available in the market to fast track accounting business as usual daily and perdiodical reports and presentations.
In the past all journal entries generated, posted in ledgers manually and balances were reconciled manually. Now technology has changed and the scope of errors and unbalanced entries are stop at the point of entry. All statutory reports are generated as and when required.
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