Why is a knowledge of accounting concepts and terminology, Accounting Basics

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Why is a knowledge of accounting concepts and terminology

Respond to the following:

1. Why is a knowledge of accounting concepts and terminology useful to anyone in a business activity?

2. Is there a difference between bookkeeping and accounting? Discuss.

3. Accounting reports past performance. How can this be useful when planning future operations?

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Accounting Basics: Why is a knowledge of accounting concepts and terminology

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Accounting Basics: Why is a knowledge of accounting concepts and terminology

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