Advertisements
Advertisements
प्रश्न
______ is the language of business.
विकल्प
Accounting
Book keeping
Book maintaining
Book recording
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
Explain the concept of The Dual Aspect Principle.
Define the term GAAP.
Accounting principles are necessary due to which of the following reasons?
According to this concept, a business firm is treated as a unit separate and distinct from its owners.
This concept assumes that the business will continue to exist for a long time in the future.
It is due to this concept that financial statements are prepared at regular intervals, generally one year.
Name the basic principles of accounting.
Explain the complete disclosure principle.
Explain the principle of consistency.
Name any four concepts of GAAP.
