Which of the following is a reason for a business to do accounting?
A) To make it difficult for information to be evaluated by others
B) To help managers bypass legal or contractual requirements
C) To produce information that is useful for managing a business
D) To make inaccurate information pass off as relevant and useful

Question

Quizplus · Accepted Answer

The primary reason for a business to do accounting is to produce information that is useful for managing a business. This includes financial statements, reports on revenue and expenses, and other data that managers can use to make informed decisions. Options A, B, and D are all unethical and inappropriate reasons for a business to engage in accounting practices.

Which of the Following Is a Reason for a Business