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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.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoAn objective of accounting is to keep records of the financial position and activities of the organisation which provide a true and fair view.
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Discuss the objective and benefit of cost accounting?
discuss the objective of business
What is objectives of Accounting standard?
They help accountants to be objective in their decision making.
What is the basic objective of the accounting cycle?
To capture costs and reve nues
The primary objective of financial accounting is?
increases in equity from a company's earning activities are
The basic objective of financial accounting is to?
provide quantitative information to users of financial positition.
Discuss the objective and benefit of cost accounting?
discuss the objective of business
What are the objective of computerised accounting?
Exam question!
Benefit and objective of cost accounting?
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Commerce objective type questions with answers?
Plesea send Financial Accounting Objective type quesition.
What is objectives of Accounting standard?
They help accountants to be objective in their decision making.
What is the basic objective of the accounting cycle?
To capture costs and reve nues
The primary objective of financial accounting is?
increases in equity from a company's earning activities are
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 is the primary objective of financial accounting?
its primary objective is to provide external reports called financial statements to help users analyze an organization's activities.
Features and objectives of responsibility accounting?
The feature and objective of responsible accounting is to improve the financial planning of individuals and businesses. Planning by accountants is based on reports conducted.
What is the main objective of accounting in our lives?
for collecting or whole information of other account very easy
