Accountancy is one of the most important aspects of any successful entity. It records profits and losses, debits and credits. It explains you the condition of the enterprise in monetary terms and not words. It furnishes the most important data the you would require to comprehend how your entity makes money, grows, where the profit of a business is utilized and what is the cash flow.
However, when we read the above data, we can understand that learning Accountancy is important. So, why is understanding Accountancy important in class 11?
- Planning Budget
- Banks and lenders
- Keeping Records
- Decision Making
- Reporting Profits
- Managing and Monitoring Cash Flow
The above mentioned are a few importances of class 11 Accountancy. To know more about the other Commerce subjects, stay tuned to BYJU’S.