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.
discuss the objective of business
To capture costs and reve nues
They help accountants to be objective in their decision making.
increases in equity from a company's earning activities are
provide quantitative information to users of financial positition.
discuss the objective of business
Exam question!
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Plesea send Financial Accounting Objective type quesition.
To capture costs and reve nues
They help accountants to be objective in their decision making.
increases in equity from a company's earning activities are
provide quantitative information to users of financial positition.
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.
its primary objective is to provide external reports called financial statements to help users analyze an organization's activities.
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.
for collecting or whole information of other account very easy