Accounting is an information and measurement system that: I.Communicates business activitiesII.Identifies business activitiesIII

Question

Sophie [7]

3 years ago

13

Accounting is an information and measurement system that: I.Communicates business activitiesII.Identifies business activitiesIII

.Records business activitiesIV.Helps people make better decisions

Business

1 answer:

andriy [413] · Answer 1 · 2022-03-27T02:05:40+03:00

Answer:

I.Communicates business activities

II.Identifies business activities

III.Records business activities

IV.Helps people make better decisions

Explanation:

Accounting is an information measurement system that identifies business activities, records the business transactions as they occur, in order in which they occur, communicate the result of operations to interested parties which helps all the stakeholders make informed decision.

The main goal of accounting information is to communicate the true and fair view position of the entity to people that may want to make informed judgment on the entity.