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If the accounts are managed thoroughly they show to get extremely helpful from the assessment of income tax, profits tax as These are approved as a proof during the eyes of regulation and courts.
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• Causality Theory (the need for bring about and outcome insights): It specials with the relationship in between the quantitative output and also the input portions with the managerial aim which have been eaten for attaining the output.?
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Comparative research - Accounting helps the businessmen to maintain a systematic file which even further helps them to match the outcome of the present 12 months with the outcome of preceding many years.
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