Question

Disscuss five merits and five limitations of accounting?
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Answer 1

Explanation:

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

Answer 2

Answer:

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.

Explanation:

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