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2 years ago

Measuring business activities and reporting those measurements to external parties is the function of ______ accounting.

Business

1 answer:

Andru [333]2 years ago

3 0

Answer:

Financial

Explanation:

Basically, there are two forms of accounting for measuring business activities namely; Financial accounting and Management accounting.

Financial accounting involves the measurement of the business activities over a period using a defined framework or standard such as US GAAP, IFRS, etc. This is usually presented in a form of statements called the financial statements and is used by internal and external stakeholders such as Government, creditors, shareholders etc.

Management account is usually prepared for management purposes and measures the company's actual activities against the budget or plan.

The right answer is financial accounting.

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Answer:

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Explanation:

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Answer:

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A. Minimal

B. Superficial

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The correct answer is D. Excessive.

Explanation:

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Answer:

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