Which of the following is the most appropriate and modern 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 defined as the information system that identifies, records, and communicates the economic events of an organization to interested users, which is a comprehensive and modern understanding of the role of accounting.

Which of the Following Is the Most Appropriate and Modern