Financial accounting use which type of data ........

Accountancy (Phase -I & II) Introduction to Accounting

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Financial accounting use which type of data

Projected data

External data only

Historic data

Manager data only

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Explanation:

Financial accounting deals with historical data. Its job is to report what happened. It does not provide projections of future outcome, budgets, and the like. You will have to turn to other branches of accounting for them. However, the data used to make those projections come from financial accounting.