Accounting
A) always has an external orientation.
B) always has an internal orientation.
C) information assists in planning and controlling.
D) terms serve as a model of the organisation.

Question

Quizplus · Accepted Answer

Accounting information assists in planning and controlling in order to achieve organisational goals. It can have both internal and external orientation depending on the purpose of the information. While terms used in accounting can serve as a model for the organization, it is not the primary purpose of accounting.