This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the major difference between the objective of financial accounting and the objective of ... (Read 126 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jul 5, 2018
What is the major difference between the objective of financial accounting and the objective of managerialaccountin g?

Question 2

All of the following transactions decrease the fund balance of a governmental fund except
 
  A. Purchase of equipment.
  B. Retirement of the principal of a short-term note.
  C. Payment of salaries and wages.
  D. Purchase and use of supplies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eunice618

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 5, 2018
Answer to Question 1

The objective of financial accounting is to provide information for the decision-making needs of external users. The objective of managerial accounting is toprovide information for internal users.

Answer to Question 2

B


stevenposner

  • Hero Member
  • *****
  • Posts: 608
Reply #2 on: Jul 5, 2018
Thank you :)


Eunice618

  • Sr. Member
  • ****
  • Posts: 350
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Major Arteries Major Arteries
Major arteries of the systemic circulation. Major arteries of the systemic circulation.
Pollution in the Industrializing Nations has become a major problem. The air in Beijing is hazardous ... Pollution in the Industrializing Nations has become a major problem. The air in Beijing is hazardous ...
The crude oil refining showing most of the major steps and processes. The crude oil refining showing most of the major steps and processes.
Major Adverse Effects of TCAs Major Adverse Effects of TCAs
Managerial Accounting Managerial Accounting
Video: Non-specific disease resistance mechanisms & Skin's defense barriers

For a complete list of videos, visit our video library