English

______ is the language of business. - Commercial Applications

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Question

______ is the language of business.

Options

  • Accounting

  • Book keeping

  • Book maintaining

  • Book recording

MCQ
Fill in the Blanks

Solution

Accounting is the language of business.

Explanation:

Accounting is often referred to as the language of business. Through accounting, businesses communicate their financial performance, position, and cash flows to stakeholders, including investors, creditors, management, and regulators. Accounting provides the necessary information for decision-making and helps understand an organization's financial health.

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Generally Accepted Accounting Principles (GAAP)
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Chapter 5: Generally Accepted Accounting Principles (GAAP) - EXERCISES [Page 85]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 5 Generally Accepted Accounting Principles (GAAP)
EXERCISES | Q 13. | Page 85
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