Accounting is the information system that measures business activity,processes the data into reports,and communicates the results to decision makers.

Question

Quizplus · Accepted Answer

Accounting is the process of recording, classifying, and summarizing financial transactions to provide financial information that is useful in making business decisions. The information system includes the collection, analysis, and reporting of financial data to decision-makers like managers, investors, creditors, and regulatory bodies. Therefore, the statement is true.

Accounting Is the Information System That Measures Business Activity,processes the Data