what is.accounting? explain its advantages and objectives.
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Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
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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.....
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