Maintaining records of various properties helps _____________.
in ascertaining profit or loss of the business
to ensure there is no unauthorised use or disposal of any asset or property of the business
in fulfilling the statutory obligation
in giving the look of a professionally managed company

Question

Maintaining records of various properties helps _____________.
in ascertaining profit or loss of the business
to ensure there is no unauthorised use or disposal of any asset or property of the business
in fulfilling the statutory obligation
in giving the look of a professionally managed company

Toppr Admin · Accepted Answer

Assets purchased for the business are to be recorded in the books of account of the business- This is mandatory to keep a proper records of all such assets to ensure that the business assets are used for business purposes only- No unauthorized uses for business assets should be done-xA0-

Maintaining records of various properties helps _____________.in ascertaining profit or loss of the businessto ensure there is no unauthorised use or disposal of any asset or property of the businessin fulfilling the statutory obligationin giving the look of a professionally managed company

Assets purchased for the business are to be recorded in the books of account of the business. This is mandatory to keep a proper records of all such assets to ensure that the business assets are used for business purposes only. No unauthorized uses for business assets should be done.

Maintaining records of various properties helps _____________.
in ascertaining profit or loss of the business
to ensure there is no unauthorised use or disposal of any asset or property of the business
in fulfilling the statutory obligation
in giving the look of a professionally managed company