Q:
Which of the following best describes Accounting?
Answer & Explanation
Answer: A) is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business
Explanation: Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business.
Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.
View Answer
Report Error
Discuss