The main benefit of responsible accounting is that you will know exactly how your money came in and where it went. It is very important to keep accurate books when you are running a business.
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Advantage of computerised accounting system?
what is responsibility accounting
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social responsibility accounting is concern with modern approach of accounting which include to make accounting information useful to the society
Responsibility accounting helps in the management accounting and the managerial control of a business. It fixes the responsibility of the individual performance and the operation results so that it is not a vague concept.
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Advantage of computerised accounting system?
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Elwood L. Miller has written: 'Accounting problems of multinational enterprises' -- subject(s): Accounting, International business enterprises 'Responsibility accounting and performance evaluations' -- subject(s): Accounting, Executives, International business enterprises, Rating of, Responsibility accounting
Responsibility,Empowerment, Accountability
There are several different benefits when it comes to computerized accounting. It is faster, easier to store and save, and there is not as greater chance for errors.