In practice, accountants frequently use ________ to prepare and audit financial statements.
A) clear-cut methods
B) judgment
C) strict rules
D) imagination

Question

Quizplus · Accepted Answer

Judgment is frequently used by accountants in practice to prepare and audit financial statements because it involves making estimates and assumptions based on available information and professional experience.

In Practice, Accountants Frequently Use ________ to Prepare and Audit