27. You have just extracted sales and cost data used by the accounting department forpreparing financial statements. Most likely, this information should be complete andin useable form to build an internal marketing database.a. True b. False

. Indicate whether following statements relating to the financial accounting are True or False.True/FalseA It provides information for external party '''''''''''''''''''''''''''''''''''''''B It base estimated information '''''''''''''''''''''''''''''''''''''''C It present information for an accounting period '''''''''''''''''''''''''''''''''''''''D Sri Lanka Accounting standards are not used '''''''''''''''''''''''''''''''''''''''32' State whether the following tasks can be included under management accountingTask Yes/ NoA Preparing general purpose final financial statements '''''''''''''''''''''''''''''''''''''''B Preparing overhead analysis sheets '''''''''''''''''''''''''''''''''''''''C Providing information of marginal costing '''''''''''''''''''''''''''''''''''''''D Analyzing profitability of a firm by using ratios '''''''''''''''''''''''''''''''''''''''33' State the most suitable accounting concept for followingSituation ConceptA Categorizing liabilities as current and non – current in thestatement of financial position '''''''''''''''''''''''''''''''''''''''B Recognizing payable expenses in the statement offinancial position '''''''''''''''''''''''''''''''''''''''C Recording the most lowest value form the cost and netrealizable value of the closing stock. '''''''''''''''''''''''''''''''''''''''D Considering the purchase a stapler machine as an expensein the income statement '''''''''''''''''''''''''''''''''''''''34' State whether following statements are considered as the components of the general purpose finalfinancial statements.Yes / NoA Statement of Financial position '''''''''''''''''''''''''''''''''''''''B Directors reports '''''''''''''''''''''''''''''''''''''''C Notes in the F.F.S. '''''''''''''''''''''''''''''''''''''''D Bank reconciliation statement '''''''''''''''''''''''''''''''''''''''

The key financial statements of a business are the balance sheet, the income statement, and the Blank______.Multiple choice question.cost of goods soldannual reportstatement of cash flowstax return

The customer list, product data sheet, price list, a database for telemarketing and direct mail, patents, best practices, standard procedures, and market research results are part of __________ knowledge. A. management B. explicit C. tactical D. enterprise

Which of the following is a summary of a detailed financial statement?*Expenditure PlanStatement of accountSales & Marketing PlanFinancial Plan

Which one of the following is NOT a source of internal secondary data?a.Sales call recordingsb.Accounting recordsc.Exit interviewsd.Government census data