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Which of the following is/are the objective(s) of accounting?I. Maintenance of Records of Business TransactionsII. Calculation of Profit an…

358651Medium DSSSB TGT Computer Science 0 replies 0 views
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Which of the following is/are the objective(s) of accounting?
I. Maintenance of Records of Business Transactions
II. Calculation of Profit and Loss
  • AOnly I
  • BNeither I nor II
  • CBoth I and II
  • DOnly II
Correct answer: C

Explanation

The objectives of accounting include keeping records of business transactions and finding the profit or loss. Both statements are correct.
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