CHAPTER38Bookkeeping and Accounting

image Financial Record Keeping

Bookkeeping and accounting are fields requiring special training. Smaller companies may assign these duties to the administrative assistant, especially with today’s new computerized accounting programs. Larger companies typically have an in-house accounting department or contract for the services of an accountant to prepare tax statements and other important records. Even so, it’s useful to familiarize yourself with the simple mechanics of bookkeeping and accounting no matter what size company you work for. The more informed you are, the more valuable you are to the company.

Assets ...

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