What are the advantages and disadvantages in accounting?

Answer 1

Advantages

1.)Total equity is served.

2.)Accounts for different customers around the world are opeened and the the amount paid or due is clearly being indicated with the help aof accounting.

3.)Total assets and total cash and total amount payable is shown , if blance sheet is prepared.

4.)With accounting or accountant , one feels relaxed and stress free or reliefed.

5.)Accounting first points out the problem an then repairs it like checkhing the liquidity of a business ad then improving it if the business was sick.

6.)Accounting is awesome and hard , it wakes your lazy sleeping mind up & says pay attention dummy.!!

Disadvantages

1.)Toil is needed

2.)Complete concentration is needed because Accounting extremely sensitive and the slightes error cand lead to the whole destruction of what was bult by it.

3.)Alot of brain cells are being used while studying or doing anything related to accounting.

4.)Truth is revealed , which leads to destruction of the propetier , partner or C.E.O of any limited company.