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A component of an accounting system is one part that helps the entire system accumulate financial data, translate the data into worthwhile information, and then

A component of an accounting system is one part that helps the entire system accumulate financial data, translate the data into worthwhile information, and then communicate the information to the necessary users.

Respond to the following in a minimum of 175 words:

Discuss the 5 main components of an accounting system. Identify 1 use of each component in real life situations.

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