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Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipBusiness Arithmetic3 Marks
Question
Why financial control is considered as an important activity?
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Answer

Financial control is a critically important activity to help the business ensure that the business is meeting its objectives.It also addresses following points like:
  1. Efficient usage of all business assets.
  2. Security of all business assets.
  3. Taking interest of all shareholders of the company and going in accordance with business rules.

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