Class 12 Account Model Question 2080 Set B
Accounting provides a systematic and standardized way to collect, summarize, and report financial information. This information is important for decision making by business owners, managers, investors, and other stakeholders.
Accurate and reliable bookkeeping helps produce financial statements such as balance sheets, income statements, and cash flow statements, and is used to assess a company’s financial health and performance.
Accounting plays an important role in ensuring that companies comply with various legal requirements related to financial reporting, taxation, and other financial regulations.
Proper accounting helps a company maintain financial records in accordance with applicable laws and regulations and helps prevent penalties, fines, and other legal consequences.
Accounting plays an important role in ensuring that companies comply with various legal requirements related to financial reporting, taxation, and other financial regulations.
Accounting plays an important role in ensuring that companies comply with various legal requirements related to financial reporting, taxation, and other financial regulations.
