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What is the importance of communicating accounting information to interested parties?
  • a)
    To comply with marketing strategies
  • b)
    To reduce production costs
  • c)
    To inform stakeholders about the financial status and performance
  • d)
    To attract new customers
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the importance of communicating accounting information to inte...
Communicating accounting information to interested parties, such as investors, creditors, and tax authorities, is important to inform them about the financial status and performance of the business. This transparency helps build trust and supports financial decision-making.
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What is the importance of communicating accounting information to interested parties?a)To comply with marketing strategiesb)To reduce production costsc)To inform stakeholders about the financial status and performanced)To attract new customersCorrect answer is option 'C'. Can you explain this answer?
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