answersLogoWhite

0

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.

User Avatar

Wiki User

∙ 12y ago

What else can I help you with?

Related Questions

Short notes on responsibility accounting?

what is responsibility accounting


Concept of social responsibility accounting?

concept of responsibility accounting


What are the advantages of responsibility accounting?

responsibility


Explain the concept of social responsibility accounting?

social responsibility accounting is concern with modern approach of accounting which include to make accounting information useful to the society


Why responsibility accounting is a fundamental part of the Management Accounting Control System MACS?

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.


What are the principles of responsibility accounting?

responsbil;itys accounting priciples


What has the author Elwood L Miller written?

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


What are the benefits in using ratios for accounting?

what are the beniftes in using ratios in accounting


Benefits of Conceptual framework in accounting?

advantages of conceptual framework in accounting


What are the three stages of accounting?

Responsibility,Empowerment, Accountability


Benefits of computerized accounting?

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.


What is the authoritative body in the US having the primary responsibility for developing accounting principles?

help me with this one please the authoritative body in the United States having the primary responsibility for developing accounting principles

Trending Questions
Can I deduct general sales tax from items purchased out of resident state? What is IRS form 1020? What is important significance of the study of the inventory system? Is it necessary to post all journal entries? What are the advantages of statutory auditing? Do you relinquish your right to recover a disputed amount if you do not dispute it in writing before the 55 days from the date the erroneous charge first appeared on your billings? Significant accounting policies are described in the explanatory notes to the financial statements because? How does income taxes affect net cash flow? What do terms of net 13Th 23Rd prox 3Rd 13Th subsequent mean? Why is it important to keep records and recipts for expenses you plan to deduct on your taxes? What banks offer accounts receivable financing? What is the method of determining the minimum sales volume needed at a certain price to cover all costs? What is cash exchange? How long does it take to get the federal refund back when you amend your taxes? If you hqve a checking account in an overdraft condition can you open another account in another bank without having the account attached to the first account? Where is the bank located that uses the routing 541210032? What do you mean by audit program? Explain why the bank credits your account when you make a deposit and why your personal accounting records would treat deposits differently? Who are the user of accounting? Which account assignment is used specifically for AXOL Rebates for gfebs?