Which of the following is not a role of accounting in business?
A) to provide reports to users about the economic activities and conditions of a business
B) to personally guarantee loans of the business
C) to provide information to external users to determine the economic performance and condition of the business
D) to assess the various informational needs of users and design an accounting system to meet those needs

Question

Quizplus · Accepted Answer

Accounting does not have a role in personally guaranteeing loans of a business. Its roles are to provide reports to users about the economic activities and conditions of a business, to provide information to external users to determine the economic performance and condition of the business, and to assess the various informational needs of users and design an accounting system to meet those needs.

Which of the Following Is Not a Role of Accounting