The purpose of accounting is to provide decision-makers with useful, accurate information.

Question

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Accounting helps decision-makers to make informed decisions by providing relevant and accurate financial information. This information includes financial statements such as balance sheets, income statements, and cash flow statements. These statements provide a snapshot of the business's financial health, performance, and liquidity, which help decision-makers to assess the risks and opportunities associated with the business. Additionally, accounting information helps decision-makers to comply with regulatory requirements such as tax and financial reporting obligations.

The Purpose of Accounting Is to Provide Decision-Makers with Useful