Which of the following statements about internal reports is true? Select one: a. The content of...
Which of the following statements about internal reports is true?
Select one:
a. The content of internal reports extends beyond the double-entry accounting system.
b. ) Most internal reports are summarized rather than detailed.
c. Internal reports focus on general-purpose needs of users.
d. Internal reports are often very general.
Homework Answers
The content of internal reports may extend beyond the double-entry accounting system
- True, as it covers all internal processes and systems beyond accounting.
Most internal reports are summarized rather than detailed-False, internal reports are also detailed for management.
Internal reports focus on general-purpose needs of users - False, as internal reports are specific to management, not all users in general.
Internal reports are often very general- False, Intemal reports are specific to the scope given by management or policy makers.
Answer is Option a)
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