1: To record business transactions systematically 2: To find profit or loss 3: To show financial position 4: To provide information to stakeholders 5: To meet legal and tax requirements
1: To maintain systematic records of all business transactions
2: To find out profit or loss of the business for a period
3: To know the financial position of the business at a given time
4: To provide useful information to management, creditors and investors
5: To comply with legal requirements and tax laws
2: To find out profit or loss of the business for a period
3: To know the financial position of the business at a given time
4: To provide useful information to management, creditors and investors
5: To comply with legal requirements and tax laws
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2026-07-10 11:33:381: To maintain systematic records of all business transactions