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BFOR 400-Exam 2 Questions and Answers Accounting - Answersthe tracking of business activities in a particular time period Reasons for accounting - Answers1) Internally- facilitates decision making, tracking of company performance 2) Externally- individuals with some type of relationship with the organization may need to know the financial information like: investors, creditors, potential vendors, etc Accounting System - Answerscomprises the methods by which companies record transac...