Multiple Choice
Which of the following is not a role of accounting in business?
A) to provide reports to users about the economic activities and conditions of a business
B) to personally guarantee loans of the business
C) to provide information to external users to determine the economic performance and condition of the business
D) to assess the various informational needs of users and design an accounting system to meet those needs
Correct Answer:
Verified
Correct Answer:
Verified
Q107: Within the United States, the dominant body
Q108: How does receiving a bill to be
Q109: Martin Blair is the owner and operator
Q110: Match the following characteristics with the form
Q111: The following are examples of external users
Q113: The assets and liabilities of Thompson
Q114: An income statement is a summary of
Q115: Match the following business types with each
Q116: Which of the following is not a
Q117: The owner's rights to the assets rank