Multiple Choice
Which of the following is not a use of accounting information?
A) It helps uses make decisions relating to the business.
B) It reduces uncertainty about the business's financial position.
C) It helps answer questions about availability of funds to meet the business's obligations.
D) It can accurately predict future profits.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: The term that describes differences between actual
Q22: A business that is not a legal
Q23: The most complete description of the planning
Q24: The goal of business in relation to
Q25: The financial statement which shows all the
Q27: The stages of an accounting system are:<br>A)evaluation,
Q28: The statement concerning differences between financial and
Q29: Which statement is true?<br>A)The statement of cash
Q30: Management reports, compared to financial reports, are:<br>A)summarised.<br>B)aggregated.<br>C)standardised.<br>D)detailed.
Q31: The planning and control process within an