Question

C:4 What are the advantages of Accounting ?​

Answer 1

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Advantages of Accounting

• Maintenance of business records.
• Preparation of financial statements.
• Comparison of results.
• Decision making.
• Evidence in legal matters.
• Provides information to related parties.
• Helps in taxation matters.
• Valuation of business.

Answer 2

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Advantages of Accounting

• Maintenance of business records.
• Preparation of financial statements.
• Comparison of results.
• Decision making.
• Evidence in legal matters.
• Provides information to related parties.
• Helps in taxation matters.
• Valuation of business.