Which of the following is the most appropriate definition of accounting?
A)the information system that identifies, records, and communicates the economic events of an organization to interested users
B)a means of collecting information
C)the interconnected network of subsystems necessary to operate a business
D)electronic collection, organization, and communication of vast amounts of information

Question

Quizplus · Accepted Answer

Accounting is accurately described as the information system that identifies, records, and communicates the economic events of an organization to interested users. This encompasses the process of tracking financial transactions and reporting them to stakeholders, such as investors, creditors, and regulatory agencies.

Which of the Following Is the Most Appropriate Definition of Accounting