Economics · Accounting Principles
Consider the following statements regarding accounting: 1. The main users of financial accounting information are external to an organisation. 2. Cost accounting is part of financial accounting and establishes costs incurred by an organisation. 3. Management accounting is used to aid planning, control, and decision making. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 31 and 3 only✓
- 41 and 2 only
Correct answer
1 and 3 only
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