Question

Explain any. Three advantage of accounting?

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.

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Answer 2

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.