Which of the following statement is incorrect? Select one: a. Cost accounting is not required by law b. Financial accounting focuses mainly on the external users C. Management accounting is not based on double entry system d. Management accounting is bound by accounting standards

Which of the following statement is incorrect? Select one: a. Cost accounting is not required by law b. Financial accounting focuses mainly on the external users C. Management accounting is not based on double entry system d. Management accounting is bound by accounting standards

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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please answer correct