Asked by Breydon English on May 07, 2024
Verified
The role of accounting is to provide many different users with financial information to make economic decisions.
Economic Decisions
Choices made by individuals, businesses, or governments based on the allocation of scarce resources with the aim of maximizing benefits and minimizing costs.
- Acquire knowledge on the key purpose of accounting in both the commercial sector and the community.
Verified Answer
AR
Antonio ReynaMay 08, 2024
Final Answer :
True
Explanation :
The role of accounting is to provide financial information to help users make economic decisions, such as investors, creditors, management, government agencies, and others. This information could include financial statements, reports, and analysis of financial data.
Learning Objectives
- Acquire knowledge on the key purpose of accounting in both the commercial sector and the community.
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