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Questions and Answers
Which one of the following is NOT a branch of accounting?
Which one of the following is NOT a branch of accounting?
- Tax accounting (correct)
- Management accounting
- Financial accounting
- Cost accounting
What is the purpose of accounting?
What is the purpose of accounting?
- To make economic decisions
- To identify, record, and communicate economic information (correct)
- To recognize accountable events
- To analyze business transactions
What is the function of accounting in a business?
What is the function of accounting in a business?
- To record accountable events
- To provide economic information (correct)
- To analyze business transactions
- To identify accountable events
What is the difference between external and internal users of accounting information?
What is the difference between external and internal users of accounting information?
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What are the forms of business organization?
What are the forms of business organization?
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