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 135 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 training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Major Ridges and Trenches of the Seafloor Major Ridges and Trenches of the Seafloor
The Major Divisions of the Visual Cortex of the Rhesus Monkey The Major Divisions of the Visual Cortex of the Rhesus Monkey
Major parts of the cell and the structures located inside the cell. Major parts of the cell and the structures located inside the cell.
Vitamin D plays a major role in bone health Vitamin D plays a major role in bone health
Major Structures of the Human Brain Major Structures of the Human Brain
Difference of Squares Difference of Squares
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library