The sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions.

Name: The sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions.
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Question

Quizplus · Accepted Answer

Accounting serves multiple purposes, including providing financial information to various stakeholders, ensuring regulatory compliance, and aiding in financial planning and analysis, not just for managerial decision-making.

The Sole Purpose of Accounting Is to Help Managers Evaluate