1) Describe advantages of accounting
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Maintenance of business records
Preparation of financial statements
Comparison of results
Decision making
Evidence in legal matters
Provides information to related parties
Helps in taxation matters
Valuation of business
Replacement of memory
Preparation of financial statements
Comparison of results
Decision making
Evidence in legal matters
Provides information to related parties
Helps in taxation matters
Valuation of business
Replacement of memory
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