Although Accounting Has Several Specific Uses,the Overall Purpose of Accounting

Multiple Choice

Although accounting has several specific uses,the overall purpose of accounting can be summarized as:

A) To provide financial information that is useful to decision makers.
B) To meet the legal requirements of the Financial Accounting Standards Board FASB) .
C) To allow the government to track business activity levels.
D) To compute the profit or loss and declared dividend of a business firm.