what is important for accounting

Akshey Akshey

Aug. 30, 2016, 11:04 a.m.

Answers!

Davneet Singh

Aug. 31, 2016, 11:14 a.m.

It helps a business to determine

What has it earned(i.e. what is its profit or loss)

What is the Amount Payable and receivable from different Parties

There is legal requirement of accounting for some also

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