Accounting is only relevant to profit-oriented organisations. Question 1 Answer True False

Accounting is not important for nonprofit organizations since financial data is not critical to their success.True false question.TrueFalse

.Question 3How is auditing related to accounting?

Define accountancy and explain the advantages and objectivesof accounting ?

Question 1True or false: “Accounting information is useful to employees to understand firm stability and negotiate employment contracts.”1 pointTrueFalse

Accounting information is considered to be relevant when itGroup of answer choicesCan be depended on to represent the economic conditions and events that it is intended to represent.Is capable of making a difference in a decisionIn understandable by reasonably informed users of accounting informationIs verifiable and neutral