Multiple Choice
Which of the following best describes accounting?
A) It records economic data but does not communicate the data to users according to any specific rules.
B) It is an information system that provides reports to users regarding economic activities and condition of a business.
C) It is of no use by individuals outside of the business.
D) It is used only for filling out tax returns and for financial statements for various type of governmental reporting requirements.
Correct Answer:
Verified
Correct Answer:
Verified
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