a group of people are talking about the documents that they have received.

Advantages of Accounting1. Financial Information about BusinessFinancial performance during the accounting period, i.e., profit earned or loss incurred and also the financial position at the end of the accounting period is known from accounting.Accounting acts as a financial storyteller, revealing the tale of profit or loss and the financial stance at the accounting period's close.Accounting का एक Advantage यह है की, whole year में business ने profit Earn किया या फिर Loss, यह check करने के लिए Income Statement (Profit & Loss Account) बनाया जाता है. Accounting का Main Function business की financial position show करना है . Financial position means business की कितनी Assets and liabilities है. यह check करने के लिए Position Statement (Balance Sheet) बनायीं जाती है. 2. Assistance to ManagementThe management makes business plans, takes decisions and exercises control on the basis of accounting information.It serves as the manager's compass, guiding business plans, decisions, and control through the insights offe