Financial Accounting > QUESTIONS & ANSWERS > Accounting Test Bank exam real questions and answers (All)
1- Accounting is the information system that measures business activity, processes the data into reports, and communicates the results to decision makers. 2- Accounting is “ the language of busines... s.” 3- A debt that a business owes to an outside party is called: 4- which of the following statements best describes managerial accounting? 5- Managerial Accounting focuses on information for decision makers outside of the business, such as creditors and tax authorities. 6- An investor is someone who loans money to a business. 7- Which of the following is a lincensed accountant who serves the general public rather than an accountant who serves one particular company? [Show More]
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