purpose of accounting Flashcards
1
Q
recording transactions
A
invoice, bills
2
Q
management of business
A
control the amount of money being spent on different departments, which stores generate least profit, managers success, decisions
3
Q
compliance
A
obeying laws - balance sheets, profit and loss
4
Q
measuring performance
A
which departments are succeeding targets
5
Q
control
A
paid/ unpaid, fraud, making sure employees arent ripping you off
