Question

How useful is accounting data?

Answer 1

Answer:

The accounting information is very important for the management or the decision making the body of an organization. ... The main object of Accounting is to record financial transactions systematically in the books of accounts and to find out the profit-loss and financial position of a business.

Explanation:

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Answer 2

Answer:

The accounting information is very important for the management or the decision making the body of an organization. ... The main object of Accounting is to record financial transactions systematically in the books of accounts and to find out the profit-loss and financial position of a business.

Explanation:

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