3. The main objective of management accounting is _________ a. To record all the business transactions b. To know the amount due from customers and suppliers c. To maintain the accounting records d. To ascertain, analyze and interpret the results of business operation

3. The main objective of management accounting is _________ a. To record all the business transactions b. To know the amount due from customers and suppliers c. To maintain the accounting records d. To ascertain, analyze and interpret the results of business operation

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 9MC: External users of accounting information would include ________________. employees managers...

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Concept explainers

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.

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Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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