The purpose of financial accounts is reporting to ........

Accountancy (Phase -I & II) Introduction to Accounting

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The purpose of financial accounts is reporting to

Management only

Government only

Investor only

All of these

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Explanation:

Financial accounting is a technique of recording all the business transactions in chronological order. The recorded transactions are further classified and summarized to give a true and fair view of the financial position to all the interested parties which are management, government and investors.