List any two functions of accounting.

1.	List any two functions of accounting.
Answer» The main functions of accounting: 1. Measurement 2. Forecasting 1. Measurement: The main function of accounting is to keep systematic record of transactions, post them in the ledger and ultimately prepare the final accounts. 2. Forecasting: With the help of the various tools of accounting, future performance and financial position of the business enterprises can be forecasted.

Answer»

The main functions of accounting:

1. Measurement

2. Forecasting

1. Measurement: The main function of accounting is to keep systematic record of transactions, post them in the ledger and ultimately prepare the final accounts.

2. Forecasting: With the help of the various tools of accounting, future performance and financial position of the business enterprises can be forecasted.

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List any two functions of accounting.

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