Which of the following is not a function of financial accounting?

Keeping systematic recording

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Meeting legal requirements

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Window dressing

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Communicating business results

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Solution

The correct option is C Window dressing
Financial accounting is governed by certain rules. These are called generally accepted accounting principles. It does not allow to have window dressing. Its a technique which is used by the finance manager or the management to manipulate the financial statements to show more favorable results. Window dressing could be illegal in certain circumstances and is generally done to mislead the investors.

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