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Accounting is a system. Like with all systems it is only as good as the information entered into it, although it does provide some checks and balances.

If not all the information is entered, or if the information is entered incorrectly then the system is useless.

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What do you mean when you say that accounting is a meansrather thanan end?

When we say that accounting is a means rather than an end, we mean that accounting serves as a tool to facilitate decision-making, planning, and control within an organization. Its primary purpose is to provide useful financial information and insights that help stakeholders evaluate performance and make informed choices. Ultimately, the goal is not accounting itself, but the effective management and growth of the business based on the data it provides.


Explain the statement accounting is a mean rather than an end?

Accounting helps businesses perform better. When managers analyze accounting reports and find areas that need improvement they can make the changes to improve their production and financial situation.


When is company's accounting year ends on a day to other than the end of the calendar year what's called in accounting?

Fiscal year


Which steps in the accounting cycle would not generally be performed daily?

Steps in the accounting cycle that would not typically be performed daily include preparing financial statements, closing the books at the end of a period, and conducting a comprehensive reconciliation of accounts. These activities are usually done monthly, quarterly, or annually, rather than on a daily basis. Daily tasks usually focus on recording transactions and updating ledgers. Additionally, preparing adjusting entries is often reserved for the end of an accounting period.


What does the it mean when a job offer letter contains the following phrase - salary of 2600 is payable in arrears?

It means that it will be paid at then end of a pay period, rather than in advance. For instance if you are paid every Friday, then in arrears means that your pay this Friday was for the work week prior rather than the work week coming.

Related Questions

Why Accounting is a means to an end and not an end in itself?

I think the accounting statement indicates that accounting is merely a tool, or a means, for measuring and determining the state of a business. Accounting is not an end in and of itself. Accounting doesn't define a business' purpose or goal. It's strategy and financing of a business plan that is actually the main purpose.


What does with noble ends rather than means to an end means?

what this means is that you rather have means to an end... because noble ends is just a "good ending" and means to an end is that your ending has a meaning to it. and it is better to have meaning to an ending then just a good ending


What do you mean when you say that accounting is a meansrather thanan end?

When we say that accounting is a means rather than an end, we mean that accounting serves as a tool to facilitate decision-making, planning, and control within an organization. Its primary purpose is to provide useful financial information and insights that help stakeholders evaluate performance and make informed choices. Ultimately, the goal is not accounting itself, but the effective management and growth of the business based on the data it provides.


Explain the statement accounting is a mean rather than an end?

Accounting helps businesses perform better. When managers analyze accounting reports and find areas that need improvement they can make the changes to improve their production and financial situation.


What does it mean to treat someone as a means rather than an end in themselves?

Treating someone as a means rather than an end in themselves means using them for your own benefit or goals without considering their own worth or dignity as a person. It involves seeing them as a tool or resource rather than as a unique individual with their own needs and rights.


Does retail mean working witgh numbers?

No, retal means selling to end users, rather than wholesellers


What does it mean to treat someone as an end?

Treating someone as an end means respecting their intrinsic value and dignity, rather than using them as a means to an end or for personal gain. It involves recognizing their autonomy, rights, and humanity.


What is summarizing in accounting?

The word summarizing used in the accounting field means to prepare the trial balance. This is basically balancing the books at the end of the month or year.


When is company's accounting year ends on a day to other than the end of the calendar year what's called in accounting?

Fiscal year


What As American forces approached japan Japanese forces?

The Japanese fought to the end, preferring to kill themselves rather than surrender.


What Musical terminology means very?

This is usually a suffix rather than a term, but adding "issimo" to the end of a word intensifies the root word. Eg Piano means soft, pianissimo means very soft.


The average inventory on hand at the end of the accounting period in a FIFO is always more than LIFO?

yes