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Respond to the following in a minimum of 175 words: A component of an accounting system is one part that helps the entire system accumulate

Respond to the following in a minimum of 175 words:

  • 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.
  • Briefly explain the five main components of an accounting system.

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