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Discuss the following activity: In the form of a composition, describe what accounting is and its purpose. Include in your writings what GAAP is and

Discuss the following activity:

In the form of a composition, describe what accounting is and its purpose. Include in your writings what GAAP is and its purpose. Last, enumerate in order the major steps of the accounting process. Respond by giving academic opinions to at least two of your colleagues. Include references.

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