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Gaurav Seth 6 years, 8 months ago
The main objective of accounting is to keep a systematic record of financial transactions which helps the users to understand the day to day transactions in a systematic manner so as to gain knowledge about overall business.
To Protect Business Properties
Accounting provides protection to business properties from unjustified and unwarranted use. Information about the above matters helps the proprietor in assuring that the funds of the business are not necessarily kept idle or underutilized.
Ascertain Profit
Another objective of accounting is that it helps in ascertaining the net profit earned or loss suffered on account of carrying the business which is done by keeping a proper record of all books of accounts with respect to revenues and expenses of a particular period.
Ascertain the Financial Position
The accounting also helps the businessman to know about his financial position. This objective is served by the Balance Sheet or Position Statement. The Balance Sheet is a statement of assets and liabilities of the business on a particular date. It serves as a tool for ascertaining the financial health of the business.
Facilitate Decision Making
Accounting also helps in the collection, analysis, and reporting of information at the required points of time to the required levels of authority in order to facilitate rational decision-making.
Information System
Another objective of accounting is that it can be defined as accounting functions as an information system for collecting and communicating economic information about the business enterprise. This information helps the management in taking appropriate decisions.
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Harsh Mishra 6 years, 7 months ago
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Yogita Ingle 6 years, 8 months ago
Buddha, (Sanskrit: “Awakened One”)clan name (Sanskrit) Gautama or (Pali) Gotama, personal name (Sanskrit) Siddhartha or (Pali) Siddhatta, (born c. 6th–4th century bce, Lumbini, near Kapilavastu, Shakya republic, Kosala kingdom [now in Nepal]—died, Kusinara, Malla republic, Magadha kingdom [now Kasia, India])
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Gaurav Seth 6 years, 10 months ago
Some reasons for accepting the same Constitution till today are:
- The Constitution does not reflect the views of its members alone. It expresses a broad consensus of its time.
- The Constituent Assembly represented the people of India. There was no Universal Adult Franchise at that time. So, the Constituent Assembly could not have been chosen directly by all the people of India but it was elected mainly by the members of Provincial Legislatures, which ensured a fair share of all the regions of the country.
- The Constituent Assembly worked in a systematic, open and consensual manner.
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