Question

What are the advantages of modern table of accounts?why accounts should have a number to refer​

Answer 1

Answer:

Hello mate

Explanation:

• Maintenance of business records.
• Preparation of financial statements.
• Comparison of results.
• Decision making.
• Evidence in legal matters.
• Provides information to related parties.
• Helps in taxation matters.
• Valuation of business.

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Answer 2

It is easier to remember the properties of an element if its position in the periodic table is known. The periodic table has made the study of chemistry systematic and easy. It acts as an aid to memory. The type of compounds formed by an element can be predicted by knowing it position in the periodic table.