It is true that the main functions of financial accounting are to measure business activities and to communicate those measurement to investors and creditors.
Given that the main functions of financial accounting are to measure business activities and to communicate those measurements to investors and creditors.
We are required to tell whether the given statement is right or wrong.
Financial accounting is basically a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.
Hence it is true that the main functions of financial accounting are to measure business activities and to communicate those measurement to investors and creditors.
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