Examlex

Solved

The Function of Communication That Facilitates Decision Making Is

question 37

Multiple Choice

The function of communication that facilitates decision making is:


Definitions:

Double-Entry Bookkeeping System

An accounting method that records each transaction as both a debit and a credit in different accounts, ensuring the accounting equation stays balanced.

Single-Entry System

A rudimentary accounting method where entries are made in a single record, typically focusing only on cash flow and personal accounts.

Computerized Ledger System

A digital system for recording the financial transactions of a business or organization, providing an organized way to store, manage, and report financial data.

Business Transaction

An economic event or condition that changes an entity's financial statements, involving the exchange of goods, services, or funds.

Related Questions