Answered

Which option describes the focus of tax accounting?

A. Recording daily transactions and reconciling accounts
B. Preparing tax returns and tax payments
C. Using data to make decisions for the future
D. Repeating what a business has done in the past



Answer :

GinnyAnswer

Final answer:

Tax accounting involves preparing tax returns and payments to comply with tax laws.


Explanation:

Tax accounting focuses on preparing tax returns and tax payments for individuals and businesses to ensure compliance with tax laws and regulations. It involves analyzing financial data to accurately calculate tax liabilities and maximize tax benefits.


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