Accounting is a specialized language.It needs to be specific enough to:
A) Describe a state or a result
B) Provide a rank ordering of results
C) Describe the events that led to a result
D) All of these.
Correct Answer:
Verified
Q8: Accounting reports are prepared only for capital
Q9: The type of accounting which deals with
Q10: The language of accounting needs to be
Q11: What kind(s)of delegation occur(s)in business?
A) Delegation from
Q12: Accounting is used to:
A) Record economic variables.
B)
Q14: Each category of capital providers has specific
Q15: Many countries have created bodies to set
Q16: What are lenders mainly interested in?
A) The
Q17: Those who use financial statements base their
Q18: Financial accounting is primarily concerned with:
A) The
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