Give any three objectives of accountancy.
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The main objectives of accounting are maintaining a complete and systematic record of all transactions and analyzing the financial position of a business.
The following are the main objectives of accounting
* To maintain full and systematic records of business transactions.
* To ascertain profit or loss of the business.
* To provide financial position of the business.
* To provide accounting information to the interested parties.
Accounting is the language of business transactions.
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