Accountancy, asked by SwayamSudha05, 4 months ago

what are the objectives of accounting and book keeping? ​

Answers

Answered by thisismunaf
1

Answer:

Following are the objective:

Explanation:

1. Accuracy in determining Profit and loss

2. Increase Growth

3. Helps in understanding financial status of business

4. Government get satisfaction with the audit

5. A proper record of financial data in proper form

Answered by devalinameyur
4

Answer:

BOOKKEEPING

the main objective of bookkeeping is to keep a complete and accurate record of all financial transactions in the systematic, orderly, logical manner.

this ensure that the financial effect of these transactions are reflected in the books of accounts.

ACCOUNTING

the main objective of accounting are maintaining a complete and systematic record of all transactions and analysing the financial position of the business.

more or less boths objective are same ........ the difference is bookkeeping comes first after that accounting comes.

Explanation:

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