In order for an accounting system to be considered effective it must meet 3 criteria. It must provide accurate information, have useful information, and be presented in a timely manner.
The records can be maintained in accounting system in a right way so that there will be no confusion, no fault data, etc. Therefore an effective and proper system of accounting is a must.
YES
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Cost managment performance
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What are five criteria essential to establishing effective service standards?
To manage an accounting system. The system that manages the accounting. Accounting is: The action or process of keeping financial accounts
what is accounting system and what thier types?
Q.5 Differentiate Financial Accounting and Management accounting
designing of accounting system
Bookkeeping is a manual system of accounting.
How does cost accounting contribute to the effective and efficient management of and industrial establishment