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An entrepreneur keeps transparent accounts in the business. Which benefit is most important?

Answer and explanation

Correct answer: Both decisions and trust become stronger

Accurate and transparent accounts show income, costs, assets, liabilities, and cash position clearly. This information supports better budgeting, pricing, borrowing, and corrective decisions. Transparency also improves confidence among partners, lenders, employees, customers, and authorities. It does not hide expenses or remove the need for planning and market understanding.

Related tags

AccountingTransparencyMeasurement Of Actual PerformanceControllingBusiness StudiesClass 12 Mcq

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