What Is the Primary Purpose of the Accounting System? Why

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The Answer is a. The primary purpose of the accounting system is to provide relevant and reliability information useful in making economic decisions.
b. The quality of the information and communication that occurs will have a direct impact on management's ability to effectively and efficiently manage the resources and activities of the organization. It will also affect the financial statements distributed to external constituents, thus affecting external users' decisions which in turn affect the organization's ability to obtain resources.

What Is the Primary Purpose of the Accounting System? Why

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What Is the Primary Purpose of the Accounting System? Why

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