Question

what is accounting?what are it's advantages ​

Answer 1

Answer:

Some of the advantages of accounting are Maintenance of business records, Preparation of financial statements, Comparison of results, Decision making, Evidence in legal matters, Provides information to related parties.

Answer 2

Explanation:

Accounting is the recording financial transactions pertaining to a business.

advantages of accounting r

Maintenance of business records,

Preparation of financial statements,

Comparison of results,

Decision making,

Evidence in legal matters,

disadvantages of accounting r

Expresses Accounting information in terms of money.

Accounting information is based on estimates.

Accounting information may be biased.

Recording of Fixed assets at the original cost.

Manipulation of Accounts.

Money as a measurement unit changes in value.

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