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what is the nature of accounting function ?
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Answer Posted / parveen
1. It is a service function
2. An advisory function
3. Analysis Assets and Liabilities of business
4. Analysis Expenses and Incomes of business by its
nature and function
5. Act as a controlling tool for business
6. Helps in comparing with set standards
7. Presentation of financial activities of business in
the form of reports
8. Helps in management decision making
9. Analysis and computation of cost of
production/rendering service
10. Taking corrective measures in minimizing losses and
maximizing profits and dividend
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