Q9 a.Financial accounting always discusses the events and transactions in terms of money where as cost & management accounting discusses the aspects in terms of profits and losses and concern is related to reporting to management. Thus it can be assumed that these accounting are integral part of any company or business. But if discuss about various other type of organizations such as any NGO like Teach for India, Smile foundation, NGO
Q9 a.Financial accounting always discusses the events and transactions in terms of money where as cost & management accounting discusses the aspects in terms of profits and losses and concern is related to reporting to management. Thus it can be assumed that these accounting are integral part of any company or business. But if discuss about various other type of organizations such as any NGO like Teach for India, Smile foundation, NGO
Chapter1: Role Of Accounting In Society
Section: Chapter Questions
Problem 6MC: Which of the following is not true? A. Organizations share a common purpose or mission. B....
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