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Question
________ can be considered as the last stage of accounting process.
________ can be considered as the last stage of accounting process.
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Solution
The correct option is B Interpreting
Interpretation of accounting data is considered as the last leg of process, on the basis of which owner, investors and government authorities may proceed to take a course of action. Owner may decide to shut down a line of business activity if it is not generating profits, investors may suggest the management to initiate the other line of activity are the examples.
Interpretation of accounting data is considered as the last leg of process, on the basis of which owner, investors and government authorities may proceed to take a course of action. Owner may decide to shut down a line of business activity if it is not generating profits, investors may suggest the management to initiate the other line of activity are the examples.
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