Question

Define Accounting. Explain any two advantages of accounting.​

Answer 1

Answer:

¿Qué es esto? No entiendo ¿Qué pregunta hiciste? ¿QUIÉN ERES?

Answer 2

Definition:-

Accounting is the processor keeping the accounting books of the financial transactions of the company.

OR

Accounting helps management in business planning, decision making and in exercising control. For this, it provides financial information in the form of reports.

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Advantages:-

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.

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