Which of the following is NOT correct about the importance of accounting? Select one: a. It ensures that transactions are recorded for future reference. b. It can assist the users to identify the financial position of an organization, whether the company is making a profit or a loss and the necessary follow-up actions that should be taken c. It can help to improve the salary of the employees d. It can provide a picture of the financial position of a business
Which of the following is NOT correct about the importance of accounting? Select one: a. It ensures that transactions are recorded for future reference. b. It can assist the users to identify the financial position of an organization, whether the company is making a profit or a loss and the necessary follow-up actions that should be taken c. It can help to improve the salary of the employees d. It can provide a picture of the financial position of a business
Which of the following is NOT correct about the importance of accounting? Select one: a. It ensures that transactions are recorded for future reference. b. It can assist the users to identify the financial position of an organization, whether the company is making a profit or a loss and the necessary follow-up actions that should be taken c. It can help to improve the salary of the employees d. It can provide a picture of the financial position of a business
Which of the following is NOT correct about the importance of accounting?
Select one:
a. It ensures that transactions are recorded for future reference.
b. It can assist the users to identify the financial position of an organization, whether the company is making a profit or a loss and the necessary follow-up actions that should be taken
c. It can help to improve the salary of the employees
d. It can provide a picture of the financial position of a business
Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item
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