Which of these best describes the second era of accounting phases as suggested by MacNeal?
A)There are numerous shareholders who own the company
B)The need to ensure that financial statements were reliable established public accounting as a profession
C)Doing business is very risky and ventures are usually concluded within few years
D)Providing financial reports for external users became an important function of accounting

Question

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The Answer of Which of these best describes the second era of accounting phases as suggested by MacNeal?
A)There are numerous shareholders who own the company
B)The need to ensure that financial statements were reliable established public accounting as a profession
C)Doing business is very risky and ventures are usually concluded within few years
D)Providing financial reports for external users became an important function of accounting

Which of These Best Describes the Second Era of Accounting