Question

Accounting statement-

1 point

(a) Fully accurate

(b) Not fully accurate

(c) Totally inaccurate

(d) None of these

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Answer 1

An accounting statement is summary of accounting activities/ transactions incurred over a period of time. e.g Customer Account statement, Supplier Account statement, Bank Account statement, Brokerage Account statement. Accounting statement may be of use to limited range of users.

Answer 2

Answer:

An accounting statement is summary of accounting activities/ transactions incurred over a period of time. e.g Customer Account statement, Supplier Account statement, Bank Account statement, Brokerage Account statement. Accounting statement may be of use to limited range of isers.