Which of the Following Is the Most Important Function of an Accounting

question 42

Multiple Choice

Which of the following is the most important function of an accounting system?

• A)provide information for decision-making, planning and control.
• B)keep employees from embezzling funds.
• C)prepare accounting reports
• D)collect and record data.

---

Definitions:

Legitimate

Something that is lawful, justified, and recognized as valid or conforming to established rules and standards.

Joint Frequency Distribution

A statistical representation showing the frequency of combined occurrences of two or more variables.

Contingency Table

A tool used in statistics to analyze and display the frequency distribution of variables, showing the number of observations for each combination of categories.

Retired People

Individuals who have ended their professional careers, typically due to reaching a certain age or fulfilling specific criteria in their employment contract.