The principle of 'stewardship' means that the main focus of accounting is on providing information to:
A) employees.
B) creditors.
C) shareholders.
D) none of the above.

Question

Quizplus · Accepted Answer

The principle of stewardship is focused on the accountability of management to shareholders for the resources entrusted to them. Therefore, the main focus of accounting is to provide information to shareholders about the use and management of their investment.

The Principle of 'Stewardship' Means That the Main Focus of Accounting