Which of the following statements best describes the purpose of financial accounting in a limited liability company?

A Assist in the day -to day management
B Ensure that the business pays -correct dividend
C Enable business to py correct amount of tax
D Help direction discharge their obligations to shareholder.

Correct Answer: Assist in the day -to day management

Bissoy MCQ
#হিসাববিজ্ঞান #B ইউনিট #খুলনা বিশ্ববিদ্যালয়

Related Questions

A company specializing in producing mass market cars acquires a company which specializes in financial services. The new company can now offer financial services to its car purchasers. What form of diversification is this?
A Resource-based
B Unrelated
C Routine-based
D Replication-based
Type of accounting, which reports financial and non-financial data about cost of material and acquiring of resources is classified as
A material accounting
B cost accounting
C supplies accounting
D business accounting
Type of accounting which measures, reports and analysis non-financial and financial information to help in decision making is called
A financial accounting
B management accounting
C cost accounting
D decision accounting
What term best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives?
A Balanced scorecard
B Benchmarking
C Performance measurement
D Target setting
Which of these statements best describes all the benefits a company can derive from analyzing its financial performance?
A It can make comparisons with competitors, reveal lost profit and growth potential, emphasize possible dangers and enable a study of trends and progress
B It can make comparisons with competitors, reveal lost profit and growth potential and isolate neglected market sectors
C It can reveal lost profit and growth potential, emphasize possible dangers and isolate neglected market segments
D It can make comparisons with competitors, reveal lost profit and growth potential and reveal possible trends in the development of the company's share price
At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Anchor Company Tk 5,000 and Best Company Tk 7,000. During the month, credit sales were made to Anchor Tk 6,000, Best Tk 4,500, and Zen Tk 8,500. Cash was collected on account from Best Tk 11,500 and Zen Tk 3,000. At the end of the month, the Accounts Receivable account of Best Company in the general ledger should have a balance of -
A Tk 0
B Tk 4,500
C Tk 11,500
D Tk 23,000
E None of these
An accounting which records and measures business transactions and is followed by general accepted accounting principles is classified as
A external accounting
B internal accounting
C business accounting
D financial accounting
70 students are enrolled in management, Accounting and Marketing course. 40 student are management,35 in accounting and 30 in marketing, 15 students are enrolled all course. How many student are enrolled in exactly tow of the course.
A 6
B 9
C 8
D 5
70 students are enrolled in Management, Accounting and Marketing. 40 students are in Management, 35 are in Accounting, and 30 are in Marketing. 15 students are enrolled in all three courses. How many of the students are enrolled in exactly two of the courses?
A 8
B 5
C 6
D 9
70 students are enrolled in Management, Accounting and Marketing courses. 40 students are in Management, 35 in Accounting and 30 in marketing. 15 students are enrolled in all three courses. l-low many of the students are enrolled in exactly two of the courses? '
A 6
B 9
C 8
D 5

Next steps