Its key goal is to provide reliable information that is useful in allocating resources and assessing performance
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
true
true..
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
Under GAAP, the accrual system of accounting is used by investors and banks for financial statements. True or False?
True
true
True
yes
sometimes not
No
"Accounting Equation is true under all circumstances." Justify this statement with the help of examples.