Objectives and Functions of Accounting | Accounting Objectives | Accounting Functions | Class 11th

The basic objective of accounting is to provide useful information to the interested users, but it can vary depending on the context and the specific needs of an organization.

The primary objectives of the accounting are:
1. Maintaining Record of Financial Transactions of Business
2. Providing Financial Information to Users
3. Assessing Financial Performance
4. Facilitating Management
5. Assessing Financial Position
6. Ensuring Compliance

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