Accounting systems are necessary because
A) They provide training for accounting graduates to pass the CPA exam
B) They provide reasonable judgments of a company's financial health
C) They prepare the ledger accounts
D) They prepare the budgets

Question

Quizplus · Accepted Answer

Accounting systems are essential for providing reasonable judgments of a company's financial health by accurately tracking and reporting financial transactions, which helps stakeholders make informed decisions.

Accounting Systems Are Necessary Because