Asked by roshell ayeshma on Jul 25, 2024

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Accounting is:

A) focused on cash flow.
B) the language of finance.
C) an outgrowth of economics.
D) Both a & b

Accounting

A systematic process of recording, summarizing, and reporting the financial transactions of a business.

Cash Flow

The net amount of cash and cash-equivalents being transferred in and out of a business, crucial for its liquidity, solvency, and financial flexibility.

Language Of Finance

The specific jargon, terms, and concepts used in the finance industry to communicate financial information and decisions.

  • Distinguish between the viewpoints of finance and accounting in a business context.
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Verified Answer

TW
Tanties WorraweeJul 27, 2024
Final Answer :
B
Explanation :
Accounting is often referred to as the language of finance because it provides the means to communicate financial information about a business entity to users such as shareholders and managers.