The objectives of an accounting system include all of the following,except:
A) Interpret and record the effects of business transactions.
B) Classify the effects of transactions to facilitate the preparation of reports.
C) Summarize and communicate information to decision makers.
D) Dictate the specific types of business transactions the enterprise may pursue.
Correct Answer:
Verified
Q17: The tailoring of an accounting report to
Q18: One purpose of generally accepted accounting principles
Q19: All internal control systems need to be
Q20: The statement of financial position and the
Q21: The Code of Ethics of the AICPA
Q23: A strong internal control structure:
A)Contributes to the
Q24: Generally accepted accounting principles were established by
Q25: The accounting systems of most business organizations:
A)Are
Q26: The basic purpose of bookkeeping is to:
A)Provide
Q27: The Code of Ethics of the AICPA
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