I need correct answer with explanation Under what circumstancesaccounting become essential?a) During routine bookkeepingb) Only during annual auditsc) For tax purposes exclusivelydoesdoes real-timed) When immediate decision-making impactsbusiness survival

Real-time accounting becomes essential in circumstances where immediate, accurate financial insights…

Answered: Under what circumstances accounting…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 26RQSC

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Subject :accounting
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Under what circumstances accounting become essential? a) During routine bookkeeping b) Only during annual audits c) For tax purposes exclusively does does real-time d) When immediate decision-making impacts business survival