Answer to Question #253557 in Finance for enny

Question

“Accounting is supposed to be an aid to management – accounting is not something to be done as an end in itself.”

a) Explain the above statement based on your understanding

Answer 1

Accountingt is needed at each progression of an association. Futhermore, bookkeeping data is extremely needed for the board. Bookkeeping helps the board in arranging, association, inspiration, coordination control, planning. Bookkeeping conveys the monetary and financial data that an association overseeing measure is required.