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Doss [256]
4 years ago
11

Which of the following is not a role of accounting in business?

Business
1 answer:
Kipish [7]4 years ago
5 0

Answer:

The correct answer is letter "D": To personally guarantee loans of the business.

Explanation:

Accounting is the recording of financial transactions of a business or organization. It also includes the process of summarizing, analyzing and reporting these transactions -given a method- in financial statements. The financial statements that accountants create provide critical information for many key people such as managers, stakeholders, and the corresponding agencies of the government.

However, <em>securing a loan for a company will rely on the credit history of the institution which directly does not involve one of the functions of corporate accounting.</em>

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What is the number one reason that it projects fall behind schedule or fail?
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Answer: debit to Dividends Payable.

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When the dividend was declared in July 15, the dividend amount was debited to the Retained earnings to show that it was being taken from Retained earnings. It was then credited to Dividends payable to show that the company owed dividends to its shareholders.

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3 years ago
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sergiy2304 [10]
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Answer:

Resources are limited.

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Everyone wants or needs goods.

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Different regions provide different resources that people can use for their business. People in that region need to understand the type of resources that are available for them and produce the goods that can be sustained by the available resource.

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