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:
Verified
Q11: Which of the following is NOT typically
Q12: Which of the following financial statements reports
Q13: The area of accounting that is concerned
Q14: Which of the following financial statements reports
Q15: Which of the following is NOT one
Q17: Internal reports are generally used by
A) Management
B)
Q18: Which of the following is NOT a
Q19: Businesses use accounting systems to
A) Analyze transactions
B)
Q20: Which of the following financial statements reports
Q21: The definition of accounting is a system
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