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प्रश्न
The purposes of financial recording is ______.
विकल्प
Keeping records
Calculating profit or loss
Ascertaining financial position
All of these
MCQ
रिक्त स्थान भरें
उत्तर
The purposes of financial recording is keeping records, calculating profit or loss and ascertaining financial position.
Explanation:
Financial recording includes keeping accurate records of all financial transactions, calculating profit or loss for a specific period, and ascertaining a business's financial position. These activities are essential for effective financial management, decision-making, and reporting within an organization. Therefore, all the options listed are correct purposes of financial recording.
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Meaning and Purposes of Accounting
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