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Form OMB No 1545.0047 990 1 2007 Return of Organization Exempt From Income Tax Under section 501 (c), 527, or 4947(AXL) of the Internal Revenue Code (except black lung benefit trust or private foundation)
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions.
Businesses, organizations, and individuals who engage in financial transactions are required to file accounting.
Accounting can be filled out manually or using accounting software to record transactions, prepare financial statements, and analyze financial data.
The purpose of accounting is to provide accurate financial information to stakeholders for decision-making, monitoring performance, and ensuring compliance with regulations.
Accounting reports typically include income statements, balance sheets, cash flow statements, and other financial documents.
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