Question

explain four advantages of accounting?
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Answer 1

Explanation:

Accounting helps to maintain the business records in a systematic manner. It helps in the preparation of financial statements. Accounting information is also used to compare the result of current year with the previous year to analyze the changes. It helps the managers in the decision making process.

Answer 2

❣❣heya!❣❣

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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