The basic objective of accounting is ________________.

to maintain systematic records of financial transactions

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to ascertain financial performance

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to ascertain financial position

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all of above

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Solution

The correct option is B all of above
Basic objective of accounting is -
1. To record financial transactions and events.
2. To determine profit or loss.
3. To determine financial position.
4. Communicating accounting information to users.

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The basic objective of accounting is ________________.

The correct option is B all of aboveBasic objective of accounting is -1. To record financial transactions and events.2. To determine profit or loss.3. To determine financial position.4. Communicating accounting information to users.

The correct option is B all of above
Basic objective of accounting is -
1. To record financial transactions and events.
2. To determine profit or loss.
3. To determine financial position.
4. Communicating accounting information to users.