Whittaker Davies
08/05/2023 · High School
What is the primary purpose of financial accounting? A. To track employee salaries and benefits B. To manage intemal operations of a company C. To provide information for decision-making within the company D. Toport financial information to external parties
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The primary purpose of financial accounting is:
**D. To report financial information to external parties.**
Financial accounting focuses on providing financial information about a company to external stakeholders, such as investors, creditors, regulators, and other interested parties, through financial statements.
Quick Answer
To report financial information to external parties.
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