Which of these is not a function of Financial Accounting
A)To provide financial information to the users of the financial statements
B)To portray gloomy picture of the business in order to evade tax liabilities
C)To keep a systematic record of business transactions
D)To depict a true and fair view of the financial position of the business

Question

Quizplus · Accepted Answer

Financial accounting aims to provide accurate and fair financial information to users, maintain systematic records, and depict the true financial position of a business. Portraying a gloomy picture to evade taxes is unethical and not a function of financial accounting.

Which of These Is Not a Function of Financial Accounting