Solved

Which of the Following Is the Most Correct Definition of Accounting

Question 43

Multiple Choice

Which of the following is the most correct definition of accounting?


A) A system for providing quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions.
B) An entity without a profit objective, oriented toward providing services efficiently and effectively.
C) The preservation of a systematic, quantitative record of an activity.
D) The procedures and processes used by a company to analyze transactions and handle routine bookkeeping tasks.

Correct Answer:

verifed

Verified

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

Related Questions