Question

2.
Mention four objectives of accounting.
Rounting​

Answer 1

Objectives of accounting in any business are; systematically record transactions, sort and analyzing them, prepare financial statements, assessing the financial position, and aid in decision making with financial data and information about the business.

Answer 2

Answer:

Objectives of accounting are as follows:

1. Keep a systematic record of financial transactions.

2. Provides protection to business properties from unjustified and unwarranted use.

3. It helps in ascertaining the net profit earned or loss.

4. Helps the businessman to know about his financial position.

(｡♡‿♡｡)