Question

12. The balancing of accounts is done with the main objective of
(A) To find out the exact position of a business
(B) To advertise the business
(C) To select employees in business
(D) All of above​

Answer 1

The balancing of accounts is done with the main objective "To find out the exact potion of business"

Explanation:

• To run a successful business, it is necessary to keep a record of what is coming and what is going.

• To keep a record of the expenses and the profit one must balance the account.

• Balancing the account has many advantages. The main objective is to find out the exact position of a business that where it stands at that moment.