The purpose of financial accounts is reporting to
A)Management only
B)Government only
C)Investor only
D)All of these

Question

Quizplus · Accepted Answer

The purpose of financial accounts is to report financial information to a wide range of stakeholders, including management, government (for regulatory and tax purposes), and investors (both current and potential), among others. This ensures transparency and accountability in financial reporting.

The Purpose of Financial Accounts Is Reporting to