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Regulation and cash flow tax – Accounting helps a business to pay off the right tax it owes to the government Using the help from the recorded book of accounts. Furthermore, it functions being an evidence within the courtroom of legislation.
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Equally, the objective of the agenda of accounts payable is to verify which the sum of the supplierbalances recorded from the accounts payable subsidiary ledger is equal into the harmony of your Accounts Payable Management account in the general ledger.
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