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What are the Uses of Accounting Package in Tally?
uses of accounting package
What is Financial accounting data?
what is financial accounting?
Who are the parties interested by accounting data of business?
The parties that are interested by accounting data of business are Accountants and auditors.
How does cost accounting connect with financial accounting and management accounting?
Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.
What is the flow of data in a computerized accounting information system?
what is the flow of data in a computerized accounting information system
The flow of data in a computerized accounting information system is?
what is the flow of data in a computerized accounting information system
Who are the parties interested in the accounting data of the bussinessWhy they interested with these data?
The primary parties interested in a business's accounting data include investors, creditors, management, and regulatory agencies. Investors and creditors seek this information to assess the financial health and profitability of the business, which informs their investment and lending decisions. Management uses accounting data for strategic planning, budgeting, and performance evaluation, while regulatory agencies require it to ensure compliance with laws and regulations. Overall, these stakeholders rely on accurate accounting data to make informed decisions and maintain transparency.
Distinguish between cost accounting and financial accounting?
Financial accounting is the process of preparing financial statements using data and figures. Cost accounting is similar but you look for alternative ways to figure these figures and data.
What is accountability data?
what is financial accounting?
How accounting provide relevant data?
Accounting provides the business with data such as debt, growth of the company and the effect of added investment. Accounting data can allow the decision makers in a company to make decisions that will not endanger the financial direction of the company.
What are the various limitations of business accounting data?
I would like to know what the limitations of business and accounting data is? I would like to know Accounting as a language of business suffers from which serious limitations?
Is accounting a branch of science?
Although it uses some mathematics, accounting is a branch of economics.
