Question : Accounting reports are which form of accounting information?
Option 1: Physical
Option 2: Economic
Option 3: Mental
Option 4: None of these

Question

Question : Accounting reports are which form of accounting information?

Option 1: Physical

Option 2: Economic

Option 3: Mental

Option 4: None of these

Team Careers360 · Accepted Answer

Correct Answer: Physical

Solution : The accounting reports are the physical representation of accounting information. They act as a summary of all the relevant facts and information related to a particular event. The accounting reports are essentially the final or end reports that show how an organisation performed during an accounting period.

Hence the correct answer is option 1

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Question : Accounting reports are which form of accounting information?Option 1: PhysicalOption 2: EconomicOption 3: MentalOption 4: None of these

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Question : Accounting reports are which form of accounting information?
Option 1: Physical
Option 2: Economic
Option 3: Mental
Option 4: None of these