Describe the advantages of Accounting? (any 6 points)
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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.
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Explanation:
Accounting Advantages
Business records maintenance.
Financial statement preparation.
Results Comparison.
Conducting decisions.
In legal matters, proof.
Provides related parties with information.
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