Accounting Basics Quiz

To convey information to a variety of stakeholders

To measure the results of an organization's economic activities (correct)

To process information about economic entities

To focus on financial reporting to external users

Supporting accounting functions and related activities

Recording of financial transactions for bookkeeping

Preparation of financial statements for external users (correct)

Measurement, analysis, and reporting for internal use by management

Measurement, analysis, and reporting for internal use by management (correct)

Conveying information to a variety of stakeholders

Processing information about economic entities

Preparation of financial statements for external users

<p>Recording of financial transactions</p> Signup and view all the answers

<p>Double-entry bookkeeping</p> Signup and view all the answers