Which type of accounting information is intended to satisfy the needs of external users of accounting information?
A)Cost accounting
B)Managerial accounting
C)Tax accounting
D)Financial accounting

Question

Quizplus · Accepted Answer

Financial accounting is intended to satisfy the needs of external users of accounting information.Managerial accounting,including cost accounting,is intended for the needs of internal users,or managers,of a business.Tax accounting is specifically intended for tax regulatory agencies.

Which Type of Accounting Information Is Intended to Satisfy the Needs