Accountancy, asked by Kangyohan, 11 months ago

{ACCOUNTS QUESTION}....

In Civilization,accounting was done by owner .
(state whether the statement is true or false with reason it means if it is true it is also with reasons...or if it is false then also it is with reasons)...

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Answers

Answered by kaynatayubraza
1

Answer:

The statement is True .

Explanation:

  • Account Record keeping gave the owner the opportunity to take better economic decisions because the information was purposefully selected and arranged.
  • Merchant with continued information about his business, allows him to evaluate how things are going and to act accordingly.
  • All merchants who maintained their own records were not at risk of theft by their employees and agents.

Hope this helps :)

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