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प्रश्न
Which of the following is not an objective of accounting?
विकल्प
To maintain records of business.
Calculation of Profit or Loss.
Depiction of Financial Position.
Business firm are not interested to know whether it has earned a profit or suffered a loss during a period of time.
MCQ
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उत्तर
Business firm are not interested to know whether it has earned a profit or suffered a loss during a period of time.
Explanation:
Knowing profit or loss is a primary objective of accounting. Hence, saying that firms are not interested in this is incorrect and not an objective of accounting.
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