Objectives of Accounting
1. To provide information about the business activities to the owners, stake
holders or investors and creditors facilitating them to take decisions on
investment and lending.
2. To effectively manage the material resources available.
3. To facilitate social functions and control.
4. To provide information regarding accounting policies.
Accounting may be defined as the art of recording, classifying and consolidating business transactions that are financial in nature for audit and tax purposes.
