The heavy reliance on accounting information by business stakeholders has led to it sometimes being called the:
A)language of business.
B)cornerstone of business.
C)lifeblood of business.
D)standard of business.

Question

Quizplus · Accepted Answer

Accounting is often referred to as the "language of business" because it communicates and summarizes financial information in a standardized way that can be easily understood by all stakeholders, including investors, creditors, regulators, and managers.

The Heavy Reliance on Accounting Information by Business Stakeholders Has