Briefly describe the three functions of accounting?
Answers
Answered by
6
Answer:
Functions of Accounting are; control of financial policy, and formation of planning, preparation of the budget, cost control, evaluation of employees' performance, Prevention of errors and frauds. analysis of the interested parties, including the management.
Answered by
20
Answer:
The purpose of accounting is to accumulate and report on financial information about the performance, financial position, and cash flows of a business. This information is then used to reach decisions about how to manage the business, or invest in it, or lend money to it.
Similar questions