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Question
______ is the language of business.
Options
Accounting
Book keeping
Book maintaining
Book recording
MCQ
Fill in the Blanks
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Solution
Accounting is the language of business.
Explanation:
Accounting is often referred to as the language of business. Through accounting, businesses communicate their financial performance, position, and cash flows to stakeholders, including investors, creditors, management, and regulators. Accounting provides the necessary information for decision-making and helps understand an organization's financial health.
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Generally Accepted Accounting Principles (GAAP)
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