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  • Kathryn Longstaff

    Lesson 2.1 Activity 3

    • What is the difference between accounting and bookkeeping?
    • Who are the users of accounting information?
    • Explain the difference between financial and managerial accounting. 
    • Why are ethics important in accounting?
    • What are the GAAP?
    • Describe some costs that a business may incur.
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