Give two uses of accounting as a source of information

1.	Give two uses of accounting as a source of information
Answer» Accounting as a Source of Information:\xa0Accounting\xa0is regarded as the language of a business. It is used as a means of communication between a business organization and its shareholders. The\xa0accounting\xa0process is a\xa0source of information, it uses business data and processes it to generate relevant\xa0information Accounting is regarded as the language of a business. It is used as a means of communication between a business organization and its shareholders. The accounting process is a source of information, it uses business data and processes it to generate relevant information.\tThe accounting records business transaction which is the source of generating information.\tProper accounting system makes information more reliable.\tAccounting ensures it is a reliable source of information.\tAccounting works as a management information system to the organization. It helps the management to manage the organization in a proper way.\tAccounting system generator various information in the form of different accounts. These documents have to be to true and fair.

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