Question

The basic function of financial accounting is to
(1) find out the amount of capital only
(2) find out the amount of net profit only
(3) record both, credit and cash purchase
(4) record,classify and summarize the business transactions systematically

Answer 1

Hello Your answer is Option (4.)-
record,classify and summarize the business transactions systematically

Hope it helps you

Answer 2

❗❗option (4) record, classify and summarize the buisness transaction systematically is tge answer of your question❗❗

HOPE IT HELPS YOU