What Are The Importance Of Accounting?

Accounting refers to the systematic and detailed recording of financial transactions of a business.

Accounting plays a vital role in running a business

Importance  of  Accounting

It Helps in Evaluating the Performance of Busine

It Ensures Statutory Compliance

It assists in Creating Budget and Future Projection

It Helps in Filing Financial Statement

– Planning Budget – Banks and lender – Keeping Record – Decision Making – Information to Investor – Reporting Profit – Managing and Monitoring Cash Flow

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