Accounting involves a great deal of precision and some degrees of interpretation; therefore,accounting is ________.
A) only an art
B) neither an art nor a science
C) only a science
D) both an art and a science
E) an exercise in futility

Question

Quizplus · Accepted Answer

Accounting involves both an element of subjective interpretation and objective scientific measurement. Therefore, it can be considered both an art and a science. The precision required in accounting reflects its scientific nature, while the judgment calls and estimations made by accountants demonstrate its artistic aspects.

Accounting Involves a Great Deal of Precision and Some Degrees