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Why is accounting important for non-business organizations like schools and hospitals?
  • a)
    To ensure compliance with government regulations
  • b)
    To manage the inventory of supplies
  • c)
    To provide systematic records and financial information
  • d)
    To improve customer service
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Why is accounting important for non-business organizations like school...
Accounting is important for non-business organizations like schools and hospitals as it provides systematic records and financial information. This information is essential for managing funds, planning budgets, and ensuring accountability and transparency in financial management.
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Why is accounting important for non-business organizations like schools and hospitals?a)To ensure compliance with government regulationsb)To manage the inventory of suppliesc)To provide systematic records and financial informationd)To improve customer serviceCorrect answer is option 'C'. Can you explain this answer?
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