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Q 1.1: managerial accounting reports could not be described as

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  1. Today, 00:39
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    Managerial accounting reports could not be described as general purpose. It mainly focused on internal users Eg: Managers, because they are solely responsible for all accounting information of the company. Then it should be confidential and should not share with the external persons Eg: investors and creditors. Then reports should be up to date.
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