The best definition of an accounting system is:
A)Journals,ledgers,and worksheets.
B)Manual or computer-based records used in developing information about an entity for use by managers and also persons outside the organization.
C)The personnel,procedures,technology,and records used by an entity to develop accounting information and communicate this information to decision makers.
D)The concepts,principles,and standards specifying the information which should be included in financial statements,and how that information should be presented.

Question

Quizplus · Accepted Answer

An accounting system encompasses more than just the records themselves; it includes the personnel, procedures, technology, and records used by an entity to develop and communicate accounting information to decision makers. Option A refers to the tools used in recording transactions, while option B only partially describes an accounting system. Option D refers to accounting principles and standards, but does not fully encompass the system itself.

The Best Definition of an Accounting System Is