BOOKKEEPING 2 Definition

BOOKKEEPING is the art, practice, or labor involved in the systematic recording of the transactions affecting a business.

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FX ACCOUNT (Foreign Exchange Account) is a trading account usually based in foreign currencies.

PIECEMEAL OPINION is an expression of an opinion on an item in financial statements that is not permitted as part of a disclaimer or adverse opinion on the financial statements as a whole because it would tend to overshadow or contradict a disclaimer of opinion or an adverse opinion.

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