Question

Which of the following statement is true about purpose of accounting? *


(a) The purpose of accounting provide information to manager

(b) Accounting purpose gives quantitative information to economic decision makers

(c) Provision of base for decision making is purpose of accounting

(d) All of above statement are true regarding purpose of accounting

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Answer 1

Answer:

D is the answer of this Question

Answer 2

Answer: it is all of the above

Explanation: the main objective of accounting is to record financial transactions in the books of accounts to identify measure and communicate economic information and moreover tax reporting agencies require you to keep books at a minimum level that tracks income and expenditure .