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    Financial and Managerial Accounting Study Set 8
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    Exam 1: Accounting: Information for Decision Making
  5. Question
    The Basic Purpose of Bookkeeping Is To
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The Basic Purpose of Bookkeeping Is To

Question 109

Question 109

Multiple Choice

The basic purpose of bookkeeping is to:


A) Provide financial information about an economic entity.
B) Develop the types of information best-suited to specific managerial decisions.
C) Record the financial transactions of an economic entity.
D) Determine the taxable income of individuals and business entities.

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