Accounting is the information system that identifies, records, and communicates the economic events of an organization to a wide variety of interested users.

Question

Quizplus · Accepted Answer

Accounting indeed serves as an information system designed to identify, record, and communicate the economic activities and conditions of an organization to interested users, such as investors, creditors, and regulatory agencies, facilitating informed decision-making.

Accounting Is the Information System That Identifies, Records, and Communicates