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the main functions of financial accounting are to measure business activities and to communicate those measurements to investors and creditors.



Answer :

It is true that the main functions of financial accounting are to measure business activities and to communicate those measurements to investors and creditors.

Given that the main functions of financial accounting are to measure business activities and to communicate those measurements to investors and creditors.

We are required to say whether the statement about financial accounting is true or wrong.

Financial accounting is basically a specific branch of accounting involving a process of recording, summarizing, and reporting the transactions resulting from business operations over a period of time.

It records transactions and show the balance sheet and profit and loss account.

Hence it is true that the main functions of financial accounting are to measure business activities and to communicate those measurements to investors and creditors.

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