Question 3
Introduction to AccountingAn accountant must not only be interested in record keeping but also in
- A.the application of professional competency
- B.the accuracy of postings
- C.the casting of financial figures
- D.effective preparation of balance sheet.
Show the answer and explanation
Answer: A (the application of professional competency)
Explanation
Beyond keeping records, an accountant must apply professional skill and judgement in his work.