Question

Q2) Accounting information should be comparable’. Do you agree with this statement. Give
two reasons.

Q2) Describe the role of accounting in the modern world.

Answer 1

Answer:

answer 1) it should be comparable so we can conpare the profits and losses of the last years with the present year

answer 2) accounting plays an important role in our life like

1. role of a langauge
2. role of historical cost
3. role of determining net profits
4. role of service provider
5. role of information system
6. role of determining the financial position..