Question

what is.accounting? explain its advantages and objectives.



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Answer 1

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

Answer 2

Answer:

objective- The main objectives of accounting are maintaining a complete and systematic record of all transactions and analyzing the financial position of a business. Every individual or a business concern is interested to know the results of financial transactions and their results are ascertained through the accounting process.

advantages-

• Complete and Systematic Record.
• Determination of Selling Price.
• Valuation of the Business.
• Helps in Raising Loan.

hope it helps you.....