Question

explain briefly any five advantages of accounting​

Answer 1

Answer:

Accounting is known as the language of business, and as such it benefits management in many ways. Accounting involves recording transactions and compiling them in reports. An important advantage of accounting information over other types of information is that it is based on numbers, measurable data.

Answer 2

Accounting is known as language of business and as such benefits its management and in many ways .An important advantage of accounting information over other types information is that is based on numbers .

1) Complete any systematic record.

2) Valuation of Business.

3) Helps in Raising Loan.

4) In Compliance of Loan.

5) Facilities Audit