Which of the following describes the primary objective of financial accounting?Options: To provide useful financial information
only to stockholders. To provide information about a business' future business strategies. To provide useful financial information about a business to help external parties make informed decisions. To provide useful financial information about a business to help internal parties make informed decisions.
To provide useful financial information about a business to help internal parties make informed decisions.
Explanation:
The main objective of financial accounting is to provide accurate records of account of a particular period.
This accounting information is what, the parties involved in the business use to make decisions, on the course of their business based on the evidence from the accounts.
The accounting information provided by financial accounting are the financial statements of a business.
The primary source document that could help a historian understand why the US Civil War started is a Charleston Mercury editorial published in 1860 because it contains factual accounts of the events during that time.
