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1: What is the importance of Accounting to a business? 2: What is the Accounting Equation? Define its elements and describe its relationship to double-entry

1: What is the importance of Accounting to a business?

2: What is the Accounting Equation? Define its elements and describe its relationship to double-entry bookkeeping.

3: Explain the purpose of the Balance Sheet, Income Statement, and Cash Flow Statement.

4: Define Finance and explain it role within a business organization.

5: Compare the different types of short-term and long-term financing?

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