Success Roar Classes

Class 11 CBSE

Advantages and Limitations of Accounting

Advantages & Limitations of Accounting - Success Roar Classes

What are the advantages or uses of accounting? Helpful in Management of business- The accounting provides the management various information in the form of internal reports, Financial statements, etc. which helps them in performing the following functions-  Planning– The information regarding increase or decrease in sales, purchases, expenses, etc. helps the management to make a …

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Types of Accounting

Types of Accounting - Success Roar Classes

What are the types of Accounting? Financial Accounting Financial accounting is related to keeping a complete and systematic record of all financial transactions related to the business and the preparation and presentation of financial reports. This accounting provides financial information to the stakeholders (users) related to organizational success and financial soundness. (Types of Accounting) Cost …

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