Which of the Following Characteristics Apply to Financial Accounting,and Which

question 17

Multiple Choice

Which of the following characteristics apply to Financial Accounting,and which apply to Management Accounting?
(i) Required by law
(ii) Historic data
(iii) Information is only available within the organisation

• A) (i) applies to Financial Accounting. (ii) and (iii) apply to Management Accounting
• B) (i), (ii) and (iii) apply to Financial Accounting only
• C) (i) and (ii) apply to Financial Accounting. (iii) applies to Management Accounting
• D) (i), (ii) and (iii) apply to Management Accounting only

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Definitions:

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Specialized courts or tribunals focused on addressing issues of discrimination, human rights abuses, and ensuring fairness in social policies.

Social Benefits Tribunal

A judicial body that adjudicates disputes related to the provision and denial of social assistance programs and benefits.

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The ongoing automation of traditional manufacturing and industrial practices, using modern smart technology.

Industry 2.0

Refers to the second industrial revolution, marked by the growth of mechanized production and the expansion of railroads and telecommunications.