Question

what is accounting write its advantages​

Answer 1

Answer:

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Step-by-step explanation:

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

Answer:

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

Advantages-

1. Maintenance of business records

2. Preparation of financial statements

3. Comparison of results

4. Decision making

5. Evidence in legal matters

6. Provides information to related parties

7. Helps in taxation matters

8. Valuation of business

9. Replacement of memory