Accountancy, asked by rakeshrajak7014, 11 months ago

What is the purpose of accounting concept?

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Answered by sri9092

The purpose of accounting is to accumulate and report on financial information about the performance, financial position, and cash flows of a business. This information is then used to reach decisions about how to manage the business, or invest in it, or lend money to it.

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Answered by riiu49

accounting means related to business in accounting everything is related to business. Accounting is Sumrizing recording the information of transaction or business is called accounting.

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