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Which of the following represent the function of accounting? Forward looking Business purpose is to communicate the financial position Backwards looking Thought process is analysis
Which of the following represent the function of accounting?
Forward looking
Business purpose is to communicate the financial position
Backwards looking
Thought process is analysis based
Business purpose is to figure out how to add value
Thought process is rules based
Responsible for analysing financial statements
Responsible for preparing financial statements
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Frank Woods Business Accounting Volume 2
Authors: Frank Wood, Alan Sangster
11th Edition
0273712136, 9780273712138
