[Answer] Which of The following is the primary purpose of accounting ?

Answer: To identify record and communicate business transaction

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Which of The following is the primary purpose of accounting ? Which of the following is true of accrual basis accounting and cash basis accounting . Accrual accountings record revenue only when it is earned. Get fit now games a client who pre-pays $540 for a package of six physical training sessions. Get fit now collects $540 in … 10 Which of the following is the primary purpose of accounting ? a. To establish business b. To identify record and communicate business transactions c. To earn a large profit d. To reduce taxes owed for the business e. To establish credit for a company 11. Revenues are: 12. A company had cash sales of $49 527 credit sales of $38 540 sales returns and allowances of $7 100 and sales ... Wed May 15 2019 · The purpose of accounting. May 15 2019/. The purpose of accounting is to accumulate and report on financial information about the performance financial position and cash flows of a business . This informati...

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