To effectively run a business,it is necessary to:
A)understand and use accounting information.
B)use a public accounting firm.
C)know the differences between accounting and bookkeeping.
D)hire a full-time accountant.

Question

Quizplus · Accepted Answer

Understanding and using accounting information is necessary for effectively running a business. This includes being able to read and interpret financial statements, track revenue and expenses, and make informed business decisions based on financial data. While hiring a full-time accountant or using a public accounting firm may also be helpful, these options are not necessarily essential for all businesses. Understanding the differences between accounting and bookkeeping can also be beneficial, but it is not as critical as being able to effectively use accounting information.

To Effectively Run a Business,it Is Necessary To