1. Business
2. Accounting
3. which of the following statements represents a similarity between financial...

Question: which of the following statements represents a similarity between financial...

Question details

Which of the following statements represents a similarity between financial accounting and management accounting?

Select one:

a. Both are useful in providing information for external users.

b. Both are generated by Generally Accepted Accounting Principles.

c. Both are solely concerned with historical transactions.

d. Both draw upon data from an organisation’s accounting system

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