Wednesday, August 7, 2013

Advantages of Accounting


  • To provide information about accounting period
  • To provide information about Financial position
  • To provide information about future planning
  • To find out the cash balance of organization at particular date by maintaining cash accounts
  • To recording purchases and sales on cash or credit basis
  • To find out the profit for particular period
  • To find out the capital on particular date
  • To find out the position of assets and liabilities on particular date
  • To calculate the cost of production
  • To develop the policy for the organization for future

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