Question

    Which of the following is NOT a limitation of financial

    accounting?
    A It ignores non-financial information. Correct Answer Incorrect Answer
    B It focuses only on quantitative information. Correct Answer Incorrect Answer
    C It communicates economic information about an enterprise to a wide variety of interested parties. Correct Answer Incorrect Answer
    D It relates to past transactions only. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next