Answer to Question #97552 in Accounting for Joshua

Question #97552

9.The purpose of Accounting is to ….....
a.Value stocks and materials
b.Provide means of keeping money
c.Provide financial information
d.Calculate figures

10.Under the entity concept …...... … is different from its owner
a.Limited company only
b.Private cmpany only
c.Any business organisation
d.Partnership only

Expert's answer

9.The purpose of Accounting is to ….....

Answer -

c.Provide financial information

10.Under the entity concept …...... … is different from its owner

Answer-

c.Any business organisation