Which of the Following Statements Best Describes Accounting

Multiple Choice

Which of the following statements best describes accounting?

A) An information system in which the underlying economic conditions of organizations are recorded, summarized, and reported.
B) The reports that management prepares for the owners of the company summarizing how the company performed during the period.
C) An information system in which all transactions with the company are accurately reported.
D) The reports that management prepares for use in making decisions related to the financing, investing and operating activities of a company.