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In the UK,3 Canada and other Commonwealth nations Chartered Accountants and Certified General Accountants have served in that role. External auditors conduct independent assessments of organizations' financial statements and https://www.bookstime.com/articles/what-are-income-statement-accounts…

These rules are applied based on the nature of the account involved and provide a structured way to handle all accounting entries, ensuring accuracy and compliance. Applying these rules helps…