Question

explain the five objectives of accounting​

Answer 1

Explanation:

Objectives of accounting in any business are; systematically record transactions, sort and analyzing them, prepare financial statements, assessing the financial position, and aid in decision making with financial data and information about the business.

Answer 2

Answer:

5 principles of accounting are;

1)....Revenue Recognition Principle,

2)....Historical Cost Principle,

3)....Matching Principle,

4).....Full Disclosure Principle, and.

5)....Objectivity Principle.

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