Interviewer And Interviewee Guide

Senior Accountant Interview Question:

Explain me is financial accounting necessary?

Submitted by: Muhammad
Yes, the accounting calculates the cost of capital to the business. It compares the current, expected, and historic rates of return. Suppose a company is making 12% returns but borrowing money by using the owner's credit card at 22% be good to know that.
Submitted by: Muhammad

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