Financial Accounting MCQs

_________ are the basis of the business’s financial accounting

April 25, 2022

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_________ are the basis of the business’s financial accounting

Q. _________ are the basis of the business’s financial accounting.

A. Accounting records

B. Bookkeeping

C. Sales Volume

D. Both A & B

Answer: Both A & B

_________ are the basis of the business’s financial accounting

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The overriding purpose of financial accounting is to summarize financial activity in business in the______

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Financial accounting reports to the ________ after the completion of the accounting year

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