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प्रश्न
______ is the language of business.
पर्याय
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 Money Measurement Concept.
It is due to this concept that financial statements are prepared at regular intervals, generally one year.
According to this principle, revenue is deemed to be realised when the goods have been transferred or the services have been rendered to a customer.
What is business entity concept of accounting?
What is meant by going concern concept of Accounting.
With reference to the concept of accounting only those transactions are recorded in accounts which can be expressed in terms of money. Justify either for or against.
The capital provided by the owner is a liability of the firm. Answer with reference to the concept of Accounting.
"The capital provided by the owner is treated as a liability of the firm." Explain the concept on which the above depends.
Explain the money measurement principle of accounting.
Write short note on the going concern concept.
