A

Admin • 833.24K Points
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Q. The primary purpose of financial accounting is to:

  • (A) Provide information for internal decision making
  • (B) Provide information to external users
  • (C) Calculate tax liability
  • (D) Prepare production budgets
  • Correct Answer - Option(B)
  • Views: 25
  • Filed under category Accounting
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Explanation by: Admin

Financial accounting focuses on providing financial information to external stakeholders like investors, banks, etc.

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