Which of the following is most associated with financial accounting?
A) can have both objective and subjective information
B) can be prepared periodically, or as needed
C) prepared in accordance with GAAP
D) can be prepared for the entity or segment

Question

Quizplus · Accepted Answer

Financial accounting is prepared in accordance with Generally Accepted Accounting Principles (GAAP), which are a set of accounting standards that must be followed to ensure consistency and accuracy in financial reporting.

Which of the Following Is Most Associated with Financial Accounting