Question

notes for introduction to accounts ​

Answer 1

Answer:

In Simple words, accounting is the process of collecting, recording, classifying, summarising and communicating financial information to the users for judgment and decision-making.

Objectives of Accounting

1. To keep systematic and complete record of financial transactions in the books of accounts according to specified principles and rules to avoid the possibility of omission and fraud.

2. To ascertain the profit earned or loss incurred during a particular accounting period which further help in knowing the financial performance of a business.

3. To ascertain the financial position of the business by the means of financial statement i.e. balance sheet which shows assets on one side and Capital & Liabilities on the other side.

4. To provide useful accounting information to users like owners, investors, creditors, banks, employees and government authorities etc who analyze them as per their requirements.

5. To provide financial information to the management which help in decision making, budgeting and forecasting.

6. To prevent frauds by maintaining regular and systematic accounting records......

Answer 2

I thinks the account of notes to introduction may be the Charlie and there Charlie factory lesson or the lesson of vonka site in englis