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Question Practice

What is the primary purpose of accounting information?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Introduction to Accounting
Question Bank

What is the primary purpose of...

Single Answer MCQ
Q-00053763

What is the primary purpose of accounting information?

1

To entertain stakeholders

2

To provide information for making economic decisions

3

To prepare tax returns only

4

To track employee performance

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Who defined accounting as 'the art of recording, classifying, and summarising' transactions?

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Which characteristic must accounting information possess to be useful?

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