Which of the following is not a use of accounting information?
A)It helps uses make decisions relating to the business.
B)It reduces uncertainty about the business's financial position.
C)It helps answer questions about availability of funds to meet the business's obligations.
D)It can accurately predict future profits.

Question

Quizplus · Accepted Answer

Accounting information can provide insights and data for making informed decisions, reducing uncertainty about the financial position, and answering questions about funds availability. However, accounting information is a reflection of past and current financial activity, and cannot accurately predict future profits with certainty.

Which of the Following Is Not a Use of Accounting