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There Are Many Differences Between Financial and Managerial Accounting

question 13

Essay

There are many differences between financial and managerial accounting.Identify and explain at least three of these.


Definitions:

Claims

Statements or assertions, often supported by evidence, made to support arguments or positions in various contexts.

Adjustments

Changes or modifications made to improve a situation, process, or product, or to correct errors.

Faulty Merchandise

Products that have defects or do not meet the quality or performance standards.

Positive Message

Communication that focuses on positive aspects, often intended to motivate or encourage.

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