Question

what is the purpose of business accounting

Answer 1

Answer:

The main objective of accounting is to record financial transactions in the books of accounts to identify, measure and communicate economic information. Moreover, tax reporting agencies require you to keep books at a minimum level that tracks income and expenditure.

Answer 2

$\huge\bold\color{Orange}\bigstar{Answer}\bigstar$

∆ The purpose of business accounting are as follows:-

• It is done usually in small buisness as it helps the managers , owners,investors (etc) to make the financial performance of the buisness in a good condition.

_____________________________________

• It's main objective is to record the financial performances or transactions in the books of accounts so that they can measure or identify the economic information.

______________________________________

•Accounting is the 'Lang. of business ' which is a means of communicating financial info. to different users.

______________________________________