Clyde is self-employed and has been for many years.His business receives financial information from his clients,analyzes it and makes useful reports from it.He prepares financial statements for his clients in accordance with generally accepted accounting principles so they comply with the law,but also so they can be understood and relied on by government agencies,lenders,stockholders,employees,suppliers and others who may need to access their financial information.What function is Clyde performing for his clients?
A) Financial advising
B) Auditing
C) Tax preparation
D) Accounting

Question

Quizplus · Accepted Answer

Clyde is performing accounting functions for his clients by analyzing financial information, preparing financial statements in accordance with accounting principles, and ensuring compliance with laws and regulations.

Clyde Is Self-Employed and Has Been for Many Years