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To capture costs and reve

nues

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Q: What is the basic objective of the accounting cycle?
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Related questions

The basic objective of financial accounting is to?

provide quantitative information to users of financial positition.


The basic objective of financial accounting is?

The basic objective of financial accounting is the formulation of financial statements including the balance sheet, income statement and cash flow statement. Income statements show the company's operating performance quarterly or annually.


What are basic accounting concepts?

The main objective of Accounting concepts is to maintain uniformity and consistency in accounting records. These concepts constitute the very basis of accounting. All the concepts have been developed over the years from experience and thus they are universally accepted rules.


What are the objective of accounting?

The basic objective of accounting is to maintain the records of daily business transactions carried out by the company to give a true representation of the state of affairs, including position of assets and liabilities at the end of the financial year.If no accounting is done, the business will operate in a hapazard manner like a race horse with both eyes covered. Without proper accounting, no business house can survive in this era of stiff competition.


Discuss the objective and benefit of cost accounting?

discuss the objective of business


What are the basic accounting concept and their implication?

basic concepts of accounting


What are three basic activities of accounting?

What are the Basic Activities of accounting?


Explan the term accounting cycle why is it called cycle?

accounting is the systematic representation


Benefit and objective of cost accounting?

t


What are the objective of computerised accounting?

Exam question!


What is the accounting cycle?

Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.


What is accounting cycle or process?

The sequence of activity which are followed in an organization,where accounting is pratise.the sequence of accounting procedure used to record classify and summarize accounting information is known as ACCOUNTING CYCLE/PROCESS.