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 125 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?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Teres Major Teres Major
The Major Components of the Limbic System The Major Components of the Limbic System
Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2 Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2
Major Findings of the High Scope Preschool Study High Scope participants showed better academic per Major Findings of the High Scope Preschool Study High Scope participants showed better academic per
Difference Between Solar and Sidereal Day Difference Between Solar and Sidereal Day
MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING
Video: Coaductile pathway, Timing of contraction signal & Conduction system and ECG

For a complete list of videos, visit our video library