Accounting purpose of Governmental and not-for-profit organizations are different from business organizations due to the following reasons EXCEPT: O a. Different purposes in society Ob. Financed by resource providers who do not expect benefits proportional to the resources they provide c. Management has a special duty to be accountable for how resources are used in providing services O d. Accountable to the stakeholders of an organization

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter1: Role Of Accounting In Society
Section: Chapter Questions
Problem 9MC: A governmental agency can best be described by which of the following statements? A. has a primary...
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Accounting purpose of Governmental and not-for-profit organizations are different from business organizations due to the following reasons EXCEPT:
a. Different purposes in society
O b. Financed by resource providers who do not expect benefits proportional to the resources they provide
c. Management has a special duty to be accountable for how resources are used in providing services
O d. Accountable to the stakeholders of an organization
Transcribed Image Text:Accounting purpose of Governmental and not-for-profit organizations are different from business organizations due to the following reasons EXCEPT: a. Different purposes in society O b. Financed by resource providers who do not expect benefits proportional to the resources they provide c. Management has a special duty to be accountable for how resources are used in providing services O d. Accountable to the stakeholders of an organization
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