Question

What is accounting? A. An information system that reports corporate governance B. Both of the above...

What is accounting?

A.

An information system that reports corporate governance

B.

Both of the above

C.

None of the above

D.

A measurement system that compares one industry to another

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Answer #1

Answer :- None of the above.

Accounting can defined as per pointer :-

1) Accounting is Process of recording of financial transactions only

2) It records in terms of money only

3) After recording, accounting perform classifying various business trnasaction into catergories

4) After Step 3, accounting process summarises the financial data into more presentable manner.

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