2 ways in which accounting data are used to make business decisions

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David · Accepted Answer

QUESTION: 
2 ways in which accounting data are used to make business decisions. 
SOLUTION: 
Accounting can be defined as the process of gathering, classifying and recording of business 
transactions. Accounting is used to organize the monetary information of the business and it 
enables the smooth functioning of the business.  
Two ways in which accounting data is used are as follows: 
1. Financial Statements:

2 ways in which accounting data are used to make business decisions

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