Accounting is important because the process "keeps score" of the financial aspects of a business.

Name: Accounting is important because the process "keeps score" of the financial aspects of a business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accounting tracks and records financial transactions and provides financial statements that summarize the financial status of a business. This information is critical for making informed business decisions, securing financing, and meeting regulatory and tax requirements.

Accounting Is Important Because the Process "Keeps Score" of the Financial