1. Identifies the profitable and unprofitable activities of a concern
2. provides reliable data r information for managerial decision making
3.it measures organisation efficiency and suggests the measures for improvement
4.helps in preparing renders or quotations
5.ensures future production planning
6.discloses the sources of losses and wastages
7. distinguishes efficient and inefficient workers and encourages efficiency
8.discloses sources of losses and wastages
9. discloses the liquidity and profitability position of the concern
10. helps the government in policy formulation and tax imposition.
2. provides reliable data r information for managerial decision making
3.it measures organisation efficiency and suggests the measures for improvement
4.helps in preparing renders or quotations
5.ensures future production planning
6.discloses the sources of losses and wastages
7. distinguishes efficient and inefficient workers and encourages efficiency
8.discloses sources of losses and wastages
9. discloses the liquidity and profitability position of the concern
10. helps the government in policy formulation and tax imposition.
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