Introduction to Accounting — Account STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceAccountIntroduction to Accounting1 Mark
MCQ
________ can be considered as the last stage of accounting process.
A
Summarizing
B
Analysis
C
Classifying
✓
Interpreting
✓
Answer
Correct option: D.
Interpreting
Interpretation of accounting data is considered as the last leg of process, on the basis of which owner, investors and government authorities may proceed to take a course of action.
Owner may decide to shut down a line of business activity if it is not generating profits, investors may suggest the management to initiate the other line of activity are the examples.
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