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Subjects>Math>Math & Arithmetic

What is the importance of statistics in accounting?

Updated: 10/17/2022

Wiki User

∙ 12y ago

Best Answer

statistics and accounting both are very similar to each other regarding their uses, because both are tools of decision making. To take decision regarding average, standard and marginal you have to take help from statistics even if you are accountant.

Wiki User

∙ 12y ago

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