What is the primary purpose of accounting?
A) To determine when to sell the company
B) To determine the most effective plan to avoid a hostile takeover
C) To determine the value of the company before it is sold
D) To summarize the results of business transactions so that the resulting reports can be used in the decision-making process
E) To provide information for tax authorities

Question

Quizplus · Accepted Answer

To summarize the results of business transactions so that the resulting reports can be used in the decision-making process

What Is the Primary Purpose of Accounting