Accounting Essentials
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Questions and Answers

True or false: Practitioners of accounting are known as economists?

False

True or false: Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders?

True

True or false: Financial accounting focuses on the reporting of an organization's financial information to internal users of the information?

False

True or false: Tax accounting is one of the fields of accounting?

<p>True</p> Signup and view all the answers

True or false: Management accounting focuses on the measurement, analysis and reporting of information for external use by management?

<p>False</p> Signup and view all the answers

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