48) Which of the following statement is not true about analyzing and recording process under accounting information system used in business? a. The source documents are not used to perform all these activities b. This process provides information in useful reports or financial statements to decision makers c. Business transactions summarized and financial statements are prepared d. It involves the identification of transactions, record and analyze them Clear my choice

Q: Which of the following statements is/are true? Statement 1: Management accounting has no extern…

A: Ans. Management accounting is basically for the persons within the company and is intended for the…

Q: Management accounting information

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Q: mechanical aspect of accounting

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A:

Q: Which of the following is not a component of an accounting system?   the input source documents…

A: The Components of an accounting system is : The Input source documents The output reports.

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A: SOLUTION- RELEVANCE REFERS TO THE PROPERTY OF INFORMATION BEING CAPABLE OF MAKING A DIFFERENCE IN…

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Q: Why are traditional accounting events,

A: Answer:

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Q: Accounting information provides useful information about business transactions and events. Those who…

A: SOLUTION- UNDERSTANDABILITY IS THE CONCEPT OF FINANCIAL INFORMATION SHOULD BE PRESENTED SO THAT A…

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A: The correct option is  C.)

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A: The correct option is  B. Only financial accounting involves the use of accounting information

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A: THE CORRECT OPTION : (C) STOCKHOLDERS

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A: Consistency  : It is about following the accounting principles, accounting standards and recommended…