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business: accounts

reasons for preparing accounts

QuestionAnswer
what the reasons that businesses prepare accounts to know how much money a business has at a given time
to know how much money a business is owed
to know how much money the business owes to others
to know the value of the business's assets
to know if the business is making a profit or a loss
to fulfil the law that requires limited ( private and public) to keep accounts
to assist the business in making important decisions
to keep up with tax returns to Revenue
Created by: shaunaburkie
Popular Accounting sets

 

 



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