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प्रश्न
______ is the language of business.
विकल्प
Accounting
Book keeping
Book maintaining
Book recording
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उत्तर
Accounting is the language of business.
Explanation:
Accounting is often referred to as the language of business. Through accounting, businesses communicate their financial performance, position, and cash flows to stakeholders, including investors, creditors, management, and regulators. Accounting provides the necessary information for decision-making and helps understand an organization's financial health.
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संबंधित प्रश्न
Explain the Business Entity Concept.
Explain the need for GAAP for accounting.
Explain the concept of The Dual Aspect Principle.
According to this principle, accounts should be prepared in such a way that all the material information required by users of financial statements is clearly disclosed.
What is business entity concept of accounting?
Accounts should disclose all material information (with reference to the concept of accounting). Justify either for or against by giving two reasons.
"Fixed assets should be valued at the market price." Comment.
"Every transaction affects at least three accounts." Comment.
Explain any two basic concepts of accounting.
Explain the revenue principle.
