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प्रश्न
Why is accounting important for maintaining financial health?
लघु उत्तर
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उत्तर
Accounting is important for maintaining financial health because it records, classifies, and summarises all financial transactions, which helps in:
- Knowing whether the business is earning profit or facing loss.
- Understanding the financial position (assets, liabilities, and capital) of the business.
- Providing reliable information for decision-making, control, and planning.
- Ensuring proper utilisation of resources and long-term stability.
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