The purpose of accounting is to provide important financial information in order to make fast and precise decisions.
Lets make this simple. not a paragraph.. its to keep track of your credits and debits.
Importance of accounting concept. To explain their significance in the preparations of accounting statements
Explain discounting of accounting policies
The purpose of accounting can be summarized in the following manner: 1. Ascertain the results of operations during a period 2. Ascertian the financial position. 3. Maintaining a control over...