Phases – NBC Institute

FA – Nov 2013 – L1 – SA – Q8 – Scope and Purpose of Accounting

Identifying the first phase of financial accounting.

Question

Accounting has been defined in several ways, each emphasising a particular feature of the subject. In general, the first phase of financial accounting is the:

A. Preparation of financial statements
B. Analysis of financial statements
C. Writing of source documents
D. Drawing up of trading account
E. Wooing customers to buy goods

Answer

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Tags: Accounting Procedures, Financial Accounting, Phases
Level: Level 1

Topic: Scope and Purpose of Accounting
Series: NOV 2013

Question Tag: Phases

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FA – Nov 2013 – L1 – SA – Q8 – Scope and Purpose of Accounting

Identifying the first phase of financial accounting.

FA – Nov 2013 – L1 – SA – Q8 – Scope and Purpose of Accounting

Identifying the first phase of financial accounting.

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FA – Nov 2013 – L1 – SA – Q8 – Scope and Purpose of Accounting

Identifying the first phase of financial accounting.

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FA – Nov 2013 – L1 – SA – Q8 – Scope and Purpose of Accounting

Identifying the first phase of financial accounting.

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