why we prepare our accounts of book and why do audit our
accounts of book
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Answer / pradeep
acount is a vehicle it gives information to the others like
external users eg: creditors, investorsetc.. and internal
users like managers , and employees.
know about profit and loss sa well as financial position of
a company
we prepare account the main purpose of tax
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Answer / manojs
auditin is done to know whether proper books of accounts
are prepared. see if there is any misappropriations or mis
represntations or frauds is done. this is done by the
auditors
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