Accountancy, asked by chand123, 1 year ago

mention one advantage of accounting

Answers

Answered by Anonymous
3
One advantage of accounting information is that it is objective and based on generally accepted accounting principles. These are rules to be followed in accounting to make reports standard and comparable. Data entered in an accounting system is verifiable data, not opinions or wishes. Accounting information is unbiased.
One advantage of accounting information is that it is objective and based on generally accepted accounting principles. These are rules to be followed in accounting to make reports standard and comparable. Data entered in an accounting system is verifiable data, not opinions or wishes. Accounting information is unbiased.
Answered by rahulgupta100008
0
1. Complete and Systematic Record:

2. Determination of Selling Price:

3. Valuation of the Business:

4. Helps in Raising Loan:

5. Evidence in Court of Law:
6. In Compliance of Law:

7. Inter-Firm or Intra-Firm Comparison:
8. Facilitates Audit:



9. Effective Management:


nishidangarh16: it helps the managers in decision making process.
Similar questions