Question

State any 5 advantages of accounting

Answer 1

Answer:

Some of the advantages of accounting are as follows:

Complete and Systematic Record: ...

Determination of Selling Price: ...

Valuation of the Business: ...

Helps in Raising Loan: ...

Evidence in Court of Law: ...

In Compliance of Law: ...

Inter-Firm or Intra-Firm Comparison: ...

Facilitates Audit:

Answer 2

Explanation:

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