Which of the following statements is true?
A) The accounts kept by a company constitute legal evidence,must be easily accessible to controllers and comply with laws and regulations.
B) The accounts kept by a company are a source of management information.
C) The accounts kept by a company are an instrument for business management.
D) All of these.

Question

Quizplus · Accepted Answer

All three statements are true. The accounts of a company serve as legal evidence, must be easily accessible for controllers, and must comply with laws and regulations. Additionally, they provide management information and are an instrument for business management.

Which of the Following Statements Is True