EPCSE Business Accounting 5921 Practice Questions - Eswatini Prevocational Certificate Of Secondary Education - Business Accounting (5921) Exam

What is the primary purpose of accounting in a small enterprise?

To record, classify, summarise and communicate financial information for decision-making To set selling prices for all goods without reference to costs To replace the need for any cash control procedures To guarantee that the business will always make a profit

Correct Answer:

To record, classify, summarise and communicate financial information for decision-making

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