Multiple Choice
Which of the following is not a basic function of an accounting system?
A) To interpret and record the effects of business transactions.
B) To classify the effects of similar transactions in a manner that permits determination of various totals and subtotals useful to management.
C) To ensure that a business organization will be managed profitably.
D) To summarize and communicate information to decision makers.
Correct Answer:
Verified
Correct Answer:
Verified
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