Accounting is the process of keeping the financial transactions of the company. The accountants summarize the transactions in the form of journal entries. These entries are used in bookkeeping. The books of accounts are prepared as per the guidelines and also follow the Generally Accepted Accounting Principles (GAAP) or the IFRS (International Financial Reporting Standards) principles.

If an analyst reads the book of accounts, he/she can get a fair idea of the financial situation of the company. Thus, for public listed companies, the book of accounts is necessary to determine the company valuation.

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Benefits of Online Quizzes:

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Interactive online quizzes have a beneficial impact on students. Increasing students’ involvement, motivation, better score and stress reduction are several benefits that students get by taking online quizzes.