Accounting · Introduction to Accounting
Which of the following is the primary objective of accounting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To calculate the taxable income of the business
- 2To provide information about financial position and performance to users✓
- 3To maintain records only for legal compliance
- 4To determine only the cash position of the business
Correct answer
To provide information about financial position and performance to users
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