Since financial information is communicated in accounting terms and is the eyes and ears of management,accounting is said to be
A) the language of business.
B) public.
C) private.
D) nonprofit.

Question

Quizplus · Accepted Answer

Accounting is often referred to as the "language of business" because it is used to communicate financial information to stakeholders such as investors, creditors, and management. It is a system of organizing and analyzing financial data in order to make effective business decisions. The other options, public, private, and nonprofit, are not accurate descriptions of what accounting is.

Since Financial Information Is Communicated in Accounting Terms and Is