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In Business / College | 2025-07-08

Which single word is the most relevant to what financial accounting does?
A. Numbers
B. Ratios
C. Information
D. Health

Asked by jenniannette8

Answer (2)

Financial accounting is primarily concerned with providing information regarding a business's financial performance and position through financial statements. While numbers and ratios are important, the key focus is on delivering comprehensive information to stakeholders. This information plays a crucial role in assessing the financial health of a company. ;

Answered by GinnyAnswer | 2025-07-08

The most relevant single word related to what financial accounting does is Information , as it centers on providing vital insights into a company’s financial health through detailed financial statements. This information is essential for stakeholders to make informed decisions about investments and management. Financial accounting utilizes numbers and ratios but ultimately emphasizes the communication of comprehensive information.
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Answered by Anonymous | 2025-07-10

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