Question

Which of the following is NOT an objective of accounting?

• A. Maintaining records of business transactions
• B. Calculation of profit and loss
• C. Depiction of financial position
• D. Marketing of business products

Answer 1

Answer:

D. Marketing of business products

OBJECTIVES OF ACCOUNTING

• Maintenance of records of Business Transactions

• Calculation of Profit and Loss

• Depiction of Financial position

• Providing Accounting Information to its users

ROLE OF ACCOUNTING

• Language of Business

• Historical Records

• Information System

• Current Economic Reality

• Service to users