BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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maintain accurate reports.
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compile the business’s expenses.
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keep track of sales.
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control the finances of the business.
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Detailed explanation-1: -The purpose of accounting is to accumulate and report on financial information about the performance, financial position, and cash flows of a business. This information is then used to reach decisions about how to manage the business, or invest in it, or lend money to it.
Detailed explanation-2: -The main goal of accounting is to record and report a company’s financial transactions, financial performance, and cash flows. Accounting standards improve the reliability of financial statements.
Detailed explanation-3: -Accounting and finance play vital roles within any organisation. You’ll manage and use accounting systems designed to help decision-making and control. You’ll also have the financial management techniques and risk management capabilities to value projects, investments and controlling risk exposure.
Detailed explanation-4: -The primary functions of accounting are to track, report, execute, and predict financial transactions.
Detailed explanation-5: -Correct! The purpose of financial accounting is to provide useful information for outside investors, creditors, and others.