Question

state any 5 advantages of accounting?​

Answer 1

Answer:

1) Complete and systematic record

2) Determination of selling price

3) Valuation of the business

4) Helps in raising loan

5) Evidence in court law

Answer 2

$\sf { \purple{\:⚬Complete \: and \: Systematic \: Record}}$

$\sf { \purple{\:⚬Determination \: of \: Selling \: Price}}$

$\sf{ \purple{⚬Valuation \: of \: the \: Business}}$

$\sf{ \purple{⚬Helps \: in \: Raising \: Loan}}$

$\sf{ \purple{⚬Evidenc e \: in \: Court \: of \: Law}}$

$\sf{ \purple{⚬In \: Compliance \: of \: Law}}$

$\sf{ \purple{⚬Inter-Firm \: or \: Intra-Firm \: Comparison}}$

$\sf{ \purple{⚬Facilitates \: Audit}}$