Any Nice and Free Voice Recording Tool?

I'm currently recording my songs on my iPhone. But looking for a better quality recording system.
Please recommend me any Free Applications to Record and Edit Songs on my PC, with nice quality.

You can use Audacity for Recording and Editing your songs. It is the best solution I have come across.
You can also consider few more which is compiled into a list here.
http://www.thetechtip.com/download-free-audio-editing-software/

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