Question

Accounting information relates to the present transactions. state true or false​

Answer 1

Answer:

Given statement is true.

I will like to say that information as to with any knowledge about something or someone that can communicate to another person at the same time an account can be a financial statement of a business’ dealings that can be debits or credits.

So, account information can be seen as any knowledge about the transacting ( debits and credits ) of a business with, can be used by the company and other stakeholders for decision making.