Accounting is used to:
A) Record economic variables.
B) Record principally economic variables but can also describe non-financial parameters.
C) Describe non-financial parameters.
D) None of these.

Question

Quizplus · Accepted Answer

While accounting is primarily used to record economic variables such as income, expenses, assets, and liabilities, it can also be used to describe non-financial parameters such as customer satisfaction and employee productivity. However, its main focus remains on financial reporting and management.

Accounting Is Used To