• It helps in preparing the financial statements rapidly and also accurately
  • It gives information to implement the control of cash in any business.
  • It highly contributes to assessing the financial condition of the business at any point in time.
  • It keeps a proper track of the expenditure on staff and also their performance.
  • It accurately measures the business performance in contrast to the projections in the business strategy.
  • It quickly highlights those areas where trouble could arise and even it enables cure to put the problem back in place
  • It completely fulfills the tax obligations.
  • It assists us in calculating the amount of tax we have to pay.

Go through this tax accountant interview question very thoroughly

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