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Accounting can be defined as the process of recording, classifying, summarising the financial transactions of the company.
Financial service is part of financial system that provides different types of finance through various credit instruments, financial products and services.
Statutory Compliance. Some of the rules and regulations which it is mandatory to be compliant to, or which need statutory compliance, are the Income Tax Act, Companies Act, PF and ESIC, and Service Tax.
The administration of the financial record of employees' salaries, wages, bonuses, net pay, and deductions.