Accounting Basics Quiz

To create financial statements for internal use only

To manage financial transactions within an organization

To solely focus on tax accounting for businesses

To measure and convey information about economic entities (correct)

Cost accounting

Management accounting

Tax accounting

Financial accounting (correct)

Designing accounting information systems

Preparation of financial statements for external users

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

Recording of financial transactions for bookkeeping purposes

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

<p>Accounting functions and related activities (C)</p> Signup and view all the answers