asked 111k views
0 votes
Accounting deals with the strategic financial issues associated with increasing the value of the business while observing applicable laws and social responsibilities.

A) TRUE
B) FALSE

asked
User Lorne
by
8.4k points

1 Answer

6 votes

Answer:

The given statement is false.

Explanation:

Accounting deals with the strategic financial issues associated with increasing the value of the business while observing applicable laws and social responsibilities.

This is false.

In accounting, we can make reports like journal entries, trial balance, profit and loss balance sheet etc. for the year but an accountant cannot make strategies over financial issues.

answered
User Sanjeev Dhiman
by
8.3k points
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