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, measuring, and communicating economic information to interested parties. It involves the systematic recording, analysis, and interpretation of financial data related to business transactions. Accounting plays a crucial role in decision-making, planning, and controlling in organizations.

Which of the Following Is the Most Appropriate Definition of Accounting