Class- 11th

accontancy depreciation

Here’s a **100-word description** related to the accounting objectives I previously mentioned: Accounting aims to ensure accurate financial reporting, where companies must record their transactions and expenses in compliance with standards like GAAP or IFRS. The matching principle ensures expenses align with generated revenues in the same period. Cost control and asset management are critical for maximizing profitability and optimizing resources. Accurate profit measurement and cash flow management help businesses assess financial health, while budgeting and forecasting guide future planning. Tax reporting ensures compliance with tax laws. Internal controls protect assets and prevent fraud, safeguarding the company’s integrity and operational efficiency, thus contributing to sound financial decision-making.

This is a high-performance keyboard that uses an individual mechanical switch under every key, making it distinct from common rubber-dome keyboards. This switch provides a superior, precise, and satisfying tactile feedback with each key-press, which leads to faster and more accurate typing. ⌨️ The switches come in three main types: Linear (smooth), Tactile (a noticeable bump on press), and Clicky (a bump with an audible 'click' sound). Users can often customize the switches, keycaps, and body to their liking, which is why it has become incredibly popular among programmers, writer

Luca Pacioli is known as the "Father of Accounting" for documenting the double-entry bookkeeping system, which uses debits and credits to balance transactions. In management, **planning** is the first and most essential function because it sets goals and provides the foundation for all other activities like organizing and controlling. To execute these plans, the **Cash Book** is a vital tool where all cash receipts and payments are recorded to manage a company's liquidity. This financial management supports the broader business strategy, which often relies on the **Marketing Mix**, consisting of the four 'P's—**Product, Price, Place, and Promotion**—to effectively reach customers.

business study nature and purpose of business

This chapter explains the nature and purpose of business. It highlights the essential features of business activities, the difference between economic and non-economic activities, and the importance of business in society. Students will learn about objectives of business, the role of profit, and how business contributes to social and economic development. This topic builds a strong foundation for understanding the world of trade, commerce, and industry."

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accontancy depreciation

business study nature and purpose of business

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