‘Accounting is useful only to the owner of the business’ – Do you agree?
Answers
1)employees
2)supplier
3)bank
4)government
6)shareholder
7)investor
etc etc
therefore , accounting is useful not only owner
No I don't agree with the statement, "Accounting is useful only to the owner of the business".
Explanation:
Reason is the fact that accounting is a tool that is used for maintaining books and bookkeeping and it is not only useful for the business is also used for the general public. Accounting helps in so many ways which will help the the company to increase their efficiency and their profits and losses.
Accounting helps in many ways such as:
- Helping banks in providing loans to companies according to the balance sheets
- Helping forms with transparent with their customers and government and many more other reasons.
This is why accountancy is not only useful for the owner of the business but also for the public and many other people who are related to the business.
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