Question

What is accounting what are its objectives and limitations

Answer 1

Hey, ✋ there your answer is _______,

⏩ Answer :

$definition \: of \: accounting$

" Nearly every business enterprise has Accounting system. It is a means of collecting, summarizing, analysing and reporting in monetary terms, informations about business. "
➖ By R.N. Anthony

$objectives \: of \: accounting$

↪ To keep systematic record of business transactions.

↪ To calculate profit or loss.

↪ To ascertain the financial position of the business.



✔ Hope it may helps u....!!! ☺