Accounting Knowledge Quiz
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Questions and Answers

Which term is often used interchangeably with 'accounting' in the text?

  • Economic entities
  • Cost accounting
  • Management accounting
  • Financial reporting (correct)
  • What does accounting measure?

  • Information about stakeholders
  • Results of economic activities (correct)
  • Economic activities
  • Financial statements
  • Who are the external users of financial information?

  • Accountants
  • Management
  • Investors (correct)
  • Creditors
  • Which field of accounting focuses on the reporting of financial information to external users?

    <p>Financial accounting</p> Signup and view all the answers

    What is the main focus of management accounting?

    <p>Measurement, analysis, and reporting of information</p> Signup and view all the answers

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