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Question Practice

Why do businesses maintain accounting records?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Introduction to Accounting
Question Bank

Why do businesses maintain acc...

Single Answer MCQ
Q-00053795

Why do businesses maintain accounting records?

1

To impress competitors

2

To comply with personal interests

3

To depict financial position and performance

4

To simply keep track of sales

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