QUESTION 1 Which of the following is not a transaction category? Banking * Employees and Payroll Customers and Sales Company Preferences QUESTION 2 0.000 Which report summarizes what a company has earned and the expenses incurred to earn the income? Balance Sheet Statement of Cash Flows Accounts Payable Report Profit and Loss Statement QUESTION 3 QUESTION 3 What is the primary objective of accounting? The primary objective of accounting is to provide information to the Internal Revenue Service (IRS) to ensure the company is organized as the appropriate legal entity. The primary objective of accounting is to provide information only to users outside of the company. The primary objective of accounting is to provide detailed information to users to prepare the tax return. The primary objective of accounting is to provide information for decision making.