Question

state any 5 advantages of accouting

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-Fir

Answer 2

5 advantages of accouting :-

☞Maintenance of business records

☞Helps in taxation matters

☞Preparation of financial statements

☞Comparison of results

☞Provides information to related parties.

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