Answered: terpretation of Account

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Interpretation of Account is the

Select one:

To know the causes for the prevailing performance of business

All of the correct answer

To know financial strengths and weaknesses of a business

Art and science of translating the figures

Government agency gives a CPA certificate to an accountant after he passes a series of rigorous examinations administered by the Board of Accountancy (BOA).

Select one:

School Registrar

Civil Service Commission

BIR

{

PRC

Which of the following is a mechanical aspect of accounting?

Select one:

Preparation of a financial budget

Designing the accounting system

Analyzing the transactions preparatory to the recording process.

Reviewing the effectiveness of the internal control procedures

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