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oboloo Glossary

Accounting Documents

oboloo Glossary

Accounting Documents

Accounting Documents

Accounting documents are the official records of all financial transactions in an accounting system. They include invoices, purchase orders, bank statements, and reports that document the movement of money within a business entity. They provide a record of all income and expenses, and serve to protect a company from fraud and errors. Furthermore, they facilitate the ability to determine taxes due and other obligations that must be paid by a company or person. Accounting documents are essential to any business and should be treated with utmost care.

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