Accountancy, asked by sahelimukherjee470, 8 months ago

what is the advantage of accounting?

Answers

Answered by rameshhoney31
1

i hoped it will help you

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Answered by kailashteachet8897
0

Explanation:

Accounting is a mixture of art and science. Accounting is an art of recording, classifying and summarizing financial transactions in a significant manner and in terms of money.

Advantages of Accounting

Maintenance of business records

Preparation of financial statements

Comparison of results

Decision making

Evidence in legal matters

Provides information to related parties

Helps in taxation matters

Valuation of business

Replacement of memory

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