List any two functions of accounting
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Functions of Accounting are; control of financial policy, and formation of planning, preparation of the budget, cost control, evaluation of employees' performance, Prevention of errors and frauds. analysis of the interested parties, including the management.
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1)Business Costs and Revenue. An important function of accounting is to track business spending in relation to income. ...
2)Accounts Receivable. ...
3)Accounts Payable. ...
4)Payroll. ...
5)Financial Reporting. ...
6)Financial Analysis. ...
7)Taxes and Compliance. ...
8)Budgeting.
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