Question

What is the important object of accounting?

1 point

To maintain records

Make information available to various group & user

Depict the financial position

All of the above

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Answer 1

Answer:

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

Explanation:

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Answer 2

All of the above is the answer.

Explanation:

• The essential goal of accounting is to hold a scientific file of monetary transactions which allows the customers to recognize each day's transactions in a scientific way which will benefit the understanding of approximately average enterprise.
• Accounting is an artwork of recording, classifying and summarizing in phrases of cash transactions and occasions of a monetary person and decoding the consequences thereof".
• It specifies that accounting begins offevolved whilst all of the enterprise transactions are recorded.
• Accounting presents distinctive statistics on the monetary role of the enterprise to all of the fascinated stakeholders. The fascinated stakeholders are creditors, lenders, customers, and gift and capability investors.

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