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Explain the objectives and characteristics of an internal accounting system

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The balance sheet of the organization provides the details about the creditors, investments, creditors etc of the organization. This helps the organization to take the decision regarding the repayment of the loans and taking the loans back from the debtors. The decision would be regarding the urgency of the efforts to take the loans back. Non Financial information relates to the impact that the organization has on the happening of certain events.

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