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quiz about accounting

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Question 1 of 2

1

•Explain the purpose of accounts.

Select one of the following:

  • The purpose of accounting is to accumulate and report on financial information about the performance, financial position, and cash flows of a business. This information is then used to reach decisions about how to manage the business, or invest in it, or lend money to it.

  • the purpose of account is too be rich

Explanation

Question 2 of 2

1

you need no gcse grades to be a accountant

Select one of the following:

  • True
  • False

Explanation

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