Accounting is an information and measurement system that does all of the following except:
A)Identifies business activities.
B)Records business activities.
C)Communicates business activities.
D)Eliminates the need for interpreting financial data.
E)Helps people make better decisions.

Question

Quizplus · Accepted Answer

Accounting provides information and measurements of business activities, records them, communicates them to users, and helps them make better decisions. However, it cannot eliminate the need for interpreting financial data as interpretation is the process of analyzing and explaining the meaning of financial information.

Accounting Is an Information and Measurement System That Does All