Question

what are the main objaect of accounting​

Answer 1

Answer:

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.

Answer 2

Answer:

• 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