Keyword Analysis & Research: accountingpractices

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What is an accounting practice?

What is Accounting Practice? Accounting practice is the system of procedures and controls that an accounting department uses to create and record business transactions.

What are some basic accounting procedures?

Basic accounting procedures include collecting financial documents, posting transactions and reconciling accounts. Other procedures include auditing accounts payable and accounts receivable, and conducting internal and external reporting, according to David Ingram for the Houston Chronicle.

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