Which of the following is the most appropriate definition of accounting?
A)The information system that identifies, records, and communicates the economic events of an organization to interested users.
B)a means of collecting information
C)The interconnected network of subsystems necessary to operate a business.
D)electronic collection, organization, and communication of vast amounts of information

Question

Quizplus · Accepted Answer

Accounting is primarily concerned with identifying, recording, and communicating the economic events of an organization to interested users such as investors, creditors, and management. It involves gathering financial data, processing it, and presenting it in a meaningful way to stakeholders. Options B, C, and D do not accurately describe accounting.

Which of the Following Is the Most Appropriate Definition of Accounting