what are the main objaect of accounting
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Objectives of accounting in any business are; systematically record transactions, sort and analyzing them, prepare financial statements, assessing the financial position, and aid in decision making with financial data and information about the business.
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- To maintain full and systematic records of business transactions
- To ascertain profit or loss of the business Business is run to earn profits
- To depict financial position of the business
- To provide accounting information to the interested parties
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