Solved

Which of the Following Is the Most Correct Definition of Accounting

Question 16

Multiple Choice

Which of the following is the most correct definition of accounting?


A) A system for providing quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions.
B) An entity without a profit objective, oriented toward providing services efficiently and effectively.
C) The preservation of a systematic, quantitative record of an activity.
D) The procedures and processes used by a company to analyze transactions and handle routine bookkeeping tasks.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents