menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Information for Business Decisions
  4. Exam
    Exam 5: Recording, Storing and Reporting Accounting Information
  5. Question
    An ________________ Is a Means by Which a Business Identifies
Solved

An ________________ Is a Means by Which a Business Identifies

Question 45

Question 45

Short Answer

An ________________ is a means by which a business identifies, measures, records and retains accounting information about its activities so that it can report this information in its financial statements.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q40: A balance sheet shows:<br>A) the financial performance

Q41: _ is the process of transferring the

Q42: A chart of accounts is a numbering

Q43: The general ledger is the most important

Q44: An income statement is the financial statement

Q46: Which of the following best describes a

Q47: The accounts receivable account tells us how

Q48: An _ _ is an expense that

Q49: Bruce Li commenced his concrete polishing business

Q50: A general journal only needs to include

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines