Accountancy, asked by rajpabbala, 27 days ago

state any five advantage of accounting​

Answers

Answered by mitali6060
5

Answer:

Some of the advantages of accounting are as follows:

  1. Complete and Systematic Record.
  2. Determination of Selling Price
  3. Valuation of the Business:
  4. Helps in Raising Loan
  5. Evidence in Court of Law.
  6. In Compliance of Law
  7. Inter-Firm or Intra-Firm Comparison
  8. Facilitates Audit

Explanation:

I hope this will help you!!

Answered by rajlaxmipahi01
4

Answer:

Advantages of accounts are:⚡⚡

♥ Complete and systematic record

♥ Determination of selling price

♥ valuation of buiseness

♥ Helps in raising loan

♥ In compliance in law

♥ Evidence in court of law

Hope it helps u❄❄

Good Evening♡♡

✨✨✨✨✨✨✨

______________________________♥♥

Previous Question
Next Question
Similar questions
English, 13 days ago
collect any five news items on the given issues and paste them in a Scrapbook comment on any two of them in 120 to 150 words 1) environmental issues 2) technological development​...
Physics, 13 days ago
Describe the classification of optical fibers based on refractive index profile and propagation modes​...
India Languages, 13 days ago
पुरुष एकवचन द्विवचन बटुवचन प्र:पुरुष अगच्छा मः पुरुष अगच्छः 3:पुरुष अगच्छाम् अगच्यताम अगच्चतम् अगच्छाव अगच्छन् अगच्छत अगरधाम​...
Political Science, 27 days ago
reporting is important in public administration because a) it unsure accountability and responsibility within administration b) it ensures proper recruitment and trains c) it prevents jurisdiction conflict​...
Accountancy, 27 days ago
2. You are given the following data for the year ended 31 March, 2018 of XYZ Ltd. Particular Rs. Percentage Vanable Cova 6,00.000 60% fixed Coats 3,00,000 30% Net Profit 1,00.000 10% Find out Break Even Point, P. V. ratio and margin of safety ratio. ​
English, 8 months ago
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'. Students who attempted the questions paper (1)/ have met some of their professors, seeking (2)/ informed answers to these questions. (3)/ No error. (4) A) 1 B) 2 C) 3 D) 4...
English, 8 months ago
In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase. All thumbs A) Permission from the concerned people to go ahead. B) A crowd cheering their favourite team. C) Physically awkward, especially with respect to the hands. D) An illiterate person who cannot sign his name.
English, 8 months ago
In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Truth is indeed a controversial aspect of ______. But almost always it can be justified as a moral principle on the basis of ______. When we talk about speaking the truth in order not to hide what, if hidden, will only prove...