If a manager wants to know how much money has been spent on supplies for the year she would most likely go to the ledger.
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Q6: GAAP stands for "generally accepted accounting principles."
Q8: Financial accounting is used to provide information
Q9: The sole purpose of accounting is to
Q10: Accounting is the recording,classifying,summarizing and interpreting of
Q11: A ledger is a record book in
Q12: Double-entry bookkeeping is the concept of writing
Q14: The first step in the accounting cycle
Q15: One of the concerns of managerial accounting
Q16: Only managers use accounting information.
Q18: The job of reviewing and evaluating the
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