Business accounting is the systematic recording, analysing, interpreting and presenting of financial information. Accounting helps business owners meet their compliance obligations. It also helps them make smart decisions with their money.
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Business is all about money making and when money comes in and go out, there is need to balance the account in order to make sure that money isn't stolen or known the financial situation of the business. So, accounting is very crucial to the survival of any business.Accounting is very important in business because without giving account of business it can not function very well,in business you need account to no if you gain or lose,also in business you need to know if you are not losing because losing is not good, business without profit is useless
Accounting is very important in business because without giving account of business it can not function very well,in business you need account to no if you gain or lose,also in business you need to know if you are not losing because losing is not good, business without profit is useles
accounting is important in business because it is an often overlooked career, and yet it is a skill that’s used regularly in daily life. While it’s true that accounting is most typically viewed as an essential part of the business world, you’re most likely performing some type of accounting task in the “real world” as well. Here are just a few ways you may be using accounting and don’t even know it.