Business Studies, asked by ballu26bs34, 4 months ago

Q: 1 What do you mean by Accounting? Explain its objectives.​

Answers

Answered by pinkybansal1101
1

Answer:

Book keeping is a part of accounting. Accounting is different from book-keeping. The objective of accounting is to maintain systematic record of financial transactions. The objective of book-keeping is to ascertain the net profit or loss and to show the financial position of the business.

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Answered by Anonymous
0

Answer:

Book keeping is a part of accounting. Accounting is different from book-keeping. The objective of accounting is to maintain systematic record of financial transactions. The objective of book-keeping is to ascertain the net profit or loss and to show the financial position of the business.

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