The modern definition of accounting focuses on the role of accounting in making economic decisions rather than on how to do accounting.

Name: The modern definition of accounting focuses on the role of accounting in making economic decisions rather than on how to do accounting.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The modern definition of accounting emphasizes the importance of accounting information in decision-making, rather than just the technical aspects of recording transactions.

The Modern Definition of Accounting Focuses on the Role of Accounting