Question

Mention any three objectives of Accounting.

Answer 1

Answer:

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

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The following are the main objectives of accounting:

To maintain full and systematic records of business transactions: ADVERTISEMENTS: ...

To ascertain profit or loss of the business: Business is run to earn profits. ...

To depict financial position of the business: ...

To provide accounting information to the interested parties: