1.

You are the accountant of a firm. What are the functions to be performed by you?

Answer»

Accounting provides information regarding the financial status of a business and results of its operations. The following are the important functions of accountant of a firm.

1. Recording transactions by referring source documents.

2. Preparing journal, subdivision of journal.

3. Preparing ledger accounts.

4. Summarising.

5. Making statements of interpretation 0 Reporting to Management.



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