Why Company maintain's books of account?



Why Company maintain's books of account?..

Answer / Gaurav Kumar Varshney

Companies maintain their books of account to keep a record of all financial transactions, comply with regulatory requirements, and make informed decisions. They serve as a tool for tracking revenue, expenses, assets, liabilities, and equity. Accurate and well-maintained books of account help companies monitor their financial performance, prepare financial statements, file tax returns, and make strategic planning decisions.

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