Financial Accounting MCQs

Financial accounting provides accounting information to the ________ though the information is useful for internal purposes also

__________ is a specialised branch of accounting that keeps track of a company’s financial transactions

Financial accounting reports to the ________ after the completion of the accounting year

_________ are the basis of the business’s financial accounting

The overriding purpose of financial accounting is to summarize financial activity in business in the______

Which is not a benefit of financial accounting?

Which is not a limitation of financial accounting?

_____ is the scope of financial accounting

Financial accountancy is governed by ___________

As per the Matching concept, Revenue –? = Profit