What is the primary goal of accountancy?
A. To provide assurance on the accuracy and reliability of financial information
B. To provide accurate and useful information about a company’s financial performance and position
C. To determine an organization’s compliance with laws and regulations
D. To investigate financial crimes such as fraud and embezzlement
Correct Answer: B. To provide accurate and useful information about a company’s financial performance and position
##Explanation:
Accountancy is the process of preparing, maintaining, and analyzing financial records, the goal of accountancy is to provide accurate and useful information about a company’s financial performance and position, this information is used by various internal and external stakeholders to make financial decisions.