Which of the following best defines accounting?
a. The information system that identifies, measures, and communicates economic information to permit informed judgements and decisions by the users of the information.
b. The management of large amounts of money, especially by governments or large companies.
c. The action or business of promoting and selling products or services, including market research and advertising.
d. The organization and coordination of the activities of a business in order to achieve defined objectives.
e. The processing system and regulatory rules for determining the fair market value of a business organization.

Question

16-09-2019
Business

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Which of the following best defines accounting?
a. The information system that identifies, measures, and communicates economic information to permit informed judgements and decisions by the users of the information.
b. The management of large amounts of money, especially by governments or large companies.
c. The action or business of promoting and selling products or services, including market research and advertising.
d. The organization and coordination of the activities of a business in order to achieve defined objectives.
e. The processing system and regulatory rules for determining the fair market value of a business organization.

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agustinsr99 agustinsr99 · Answer 1 · 2019-09-18T02:05:29+02:00

Answer: The option that best defines accounting is "a. The information system that identifies, measures, and communicates economic information to permit informed judgements and decisions by the users of the information.".

Explanation: Accounting is a science and technique that provides useful information for the economic decision making process. It is responsible for identifying, measuring and informing the economic reality of a business unit.