The Accounting System

Multiple Choice

The accounting system

A) provides a systematic approach to collecting, processing, and communicating financial information to decision makers.
B) provides a means for companies to increase the market price of their common stock on the stock exchanges.
C) is comprised of T-accounts and financial statements.
D) uses a general ledger to record all transactions in chronological order.
E) keeps track of all transactions engaged in by a business organization.