Question

WHAT IS THE MAIN OBJECTIVE OF ACCOUNTING ? ARE THERE ANY BRANCHES OF ACCOUNTING?

Answer 1

Answer:

The main objective of accounting is to keep a systematic record of financial transactions which helps the user to understand the day to day transaction in a systematic manner so as to gain knowledge about overall business

There are 8 branches of accounting

Answer 2

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.



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