Which of the following statement is TRUE?

Which of these are advantages of a private company compared to a partnership?

i. Access to a larger pool of funding.

ii. Perpetually existence

iii. Subject to more monitoring and regulations.

iv. Shareholders of a private company have limited liability.

Companies could get funding from the followings:

i. Government

ii. Other companies

iii. Banks

iv. Pension funds

v. Their retained earnings accounts

Match the description to the correct type of business organisation. Choose the best match.

Match each description of different business organisation. Choose the best match.

Which of the following statement is NOT true about financial accounting?

The following statements are correct about accounting, EXCEPT:

As potential managers, which of the following aspects of accounting that is the least important for you to understand? 

Accounting includes the following activities:

i. recording financial data

ii. reporting financial information

iii. summarizing financial data

iv. concealing financial information

v. analyzing financial data

The best description of the primary purpose of providing accounting information is: