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What is accounting explain any four function of accounting |
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Answer» The functions of accounting facilitate the objectives of accounting. there are many objectives of accounting. For instance,\tAccounting facilitates the systematic management of the records of the transaction and other financial data.\tIt gives an idea about the chances of profitability or failure or losses.\t\xa0The process assists the management by helping them to make the best decisions. besides that, accounting ascertains the financial position of an organization.\t\xa0It also helps in the evaluation of the employee and their working efficiency, in addition, communicating and spreading the accounting information to the user.\tAccounting contributes the biggest to any organization by preventing fraud and prevents profit risks. Accounting is a record of all our business transaction It is use as a 1.legal documents 2.it help us to get loan3.it tell us our business is getting profit or loss |
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