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

Question

Quizplus · Accepted Answer

Accounting provides information and measurements that help people make better decisions and communicate business activities. However, it does not eliminate the need for interpreting financial data, as interpretation is necessary to make informed decisions based on the information provided by accounting.

Accounting Is an Information and Measurement System That Does All