An accountant is a person who records business transactions on behalf of an organization, reports on company performance to management, and issues financial statements. Accountant Clayton Here are several examples of the types of transactions in which an accountant may become involved: Issuing an invoice to a customer, which involves recording a sale and account receivable. Receiving an invoice from a supplier, which involves recording an expense or asset and an account payable.Issuing a salary or wage payment to an employee, which involves recording an expense and the outflow of cash.Reconciling a bank statement, which likely produces adjustments to the cash account Financial statements are issued to the owners and/or operators of a business, as well as to lenders and other creditors. The financial statements include the income statement, balance sheet, and statement of cash flows.
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