Question

state the importance of accounting​

Answer 1

⎝⎝⫷⫸⎠⎠ANSWER⎝⎝⫷⫸⎠⎠

Accounting prevents the misuse of assets, increases production and profit, controls costs and helps increase the efficiency of the overall management. The role of management is very important in the overall development of a business organization.

Answer 2

Answer:

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.