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Introduction to Book Keeping and Accountancy — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyIntroduction to Book Keeping and Accountancy2 Marks
Question
Accounting is useful only to the owner.
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Answer

This statement is False.
Accounting is not only useful for the owner but also to the suppliers, government, customers, lenders, etc.

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