Most accounting data is historical—that is, the accountant observes all functions which the Firm undertakes, records their results, and prepares reports summarizing what has actually been recorded; the rest contains forecasts and plans for latest and upcoming periods. A: No, it’s not permitted to use various accounts to achieve an https://kenwoodchefxlkitchenmachi19360.theobloggers.com/40106911/indicators-on-account-you-should-know