Accounting Principles and Practices Quiz

To measure and convey economic results to stakeholders

To analyze information for internal use by management

To report financial information to external users (correct)

To process economic information about businesses

Processing of economic information about businesses

Recording of financial transactions for financial reports

Preparation of financial statements for external users

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

Single-entry bookkeeping

Cash basis bookkeeping

Accrual basis bookkeeping

Double-entry bookkeeping (correct)

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