Which of the Following Is the Primary Purpose of Accounting

question 40

Multiple Choice

Which of the following is the primary purpose of accounting?

• A)To establish a business.
• B)To identify,record,and communicate business transactions.
• C)To earn a large profit.
• D)To reduce taxes owed for the business.
• E)To establish credit for a company.

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Definitions:

Agent of Socialization

An entity or structure within society that plays a crucial role in the process of socializing individuals, shaping their beliefs, behaviors, and norms.

Organized Religion

A structured system of faith and worship, often encompassing a shared set of beliefs, rituals, and governance.

Childhood

The period in human life from birth to adolescence, characterized by growth, learning, and socialization processes.

Durkheimian Terms

Pertains to concepts and theories developed by Emile Durkheim, focusing on social cohesion, the division of labor, and the role of religion in society.