![]() ![]() It can be challenging to identify the specific expenses related to a particular revenue source, particularly in cases where multiple products or services are sold.Estimating expenses can be difficult, particularly for long-term projects or those with variable costs.Enables companies to demonstrate transparency and accountability to stakeholders, promoting trust and credibility.It helps businesses to comply with regulatory requirements and maintain good standing with financial institutions and creditors.Facilitates the preparation of tax returns and compliance with tax regulations. ![]()
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