A. Identification of economic event
B. Communication of financial information
C. Recording financial information
D. Making decisions about business
Related Mcqs:
- Bookkeeping mainly concerns with which part of accounting process??
- Which of the following is not true about opinion on financial statements??
- Which of the following can be considered as the most important phase of accounting cycle and it is the primarily objective of financial accounting??
- Identify the correct sequence of accounting process?
- Which of the following statements is false ? select the false from below options?
- A statement, which shows the financial condition and stability of the business at a particular point of time, is known as:
- Decisions are continuously made in the day to day operations of farm business and involve small investment are known as:
- Financial accounting provides financial information to all of the following external users except:?
- The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________??
- Which of the following is not classified as inventory in the financial statements??
