Question

Accounting provides information on
A. Cost and income for managers

B. Company's tax liability for a particular year

C. Financial conditions of an institutions

D. All of the above

Answer 1

Answer:

D Is right answer

Explanation:

accounting provides all of the above information.

Answer 2

Accounting provides information on all of the above. (Option D)

• In accounting, the activities of a company are recorded and accounting books are maintained.
• These records contain all the inflows and outflows of cash and assets and help in calculating the costs and incomes of the team working.
• Balance sheets, Trial balances, statements, etc. are formed to determine a company's financial situation and position along with determining the value of tax payable.