4. Discuss the advantages and limitations of accounting.
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Some of the advantages of accounting are Maintenance of business records, Preparation of financial statements, Comparison of results, Decision making, Evidence in legal matters, Provides information to related parties. Let us discuss the advantages and disadvantages of accounting in greater detail.
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Answer:
I know only advantages
Explanation:
•maintenance of business records
•valuation of business
•replacement of money
•helps im taxation matters
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