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Finance

Fundamentals Areas of Business
Elements of Business
Class 9

Overview

Discuss about the user of accounting information; discuss the importance of interested users correct financial information.

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Objectives and Role of Accounting

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Related Questions to study

List any five users who have indirect interest in accounting.

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Which of the following are general objectives of accounting?
I. Maintenance of Accounting Records
II. Providing Information
III. Ascertainment of Profit or Loss
IV. Depiction of Financial Position

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Define Accounting and state its objectives.

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Which of the following are internal users of accounting information?

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Which of the following groups/ parties are interested in the accounting information of the business?

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Which of the following statements is not an objective of financial reporting?

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The primary qualities that make accounting information useful for decision making are_________.

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A_______ would most likely use an entity's financial report to determine whether or not the business entity is eligible for a loan. 

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________ is the most important phase of accounting cycle.

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Which of the following functions listed below is NOT the role of an accountant_________.

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