Question

Which of the following is not an advantage of Accounting?
a) Replaces memory.
b) Facilitates a comparative study.
c) It permits alternative treatments.
d) Helps in knowing the value of business

Answer 1

Answer:

B.Facilitates a comparative study.

Answer 2

The correct answer is OPTION C: It permits alternative treatments.

• A company's stakeholders want to know if it is lucrative.
• They also want to know whether the company's capital investment is increasing or declining over time.
• Accounting is a science as well as a form of art.
• Accounting is the process of recording, classifying, and summarising monetary transactions in a systematic and orderly manner.