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:

Risky Behavior

Actions that expose individuals to danger or harm, often with a potential for negative outcomes.

Deliberate System

Refers to the cognitive process that is slow, logical, and often conscious, typically involved in complex decision making.

Pursuit

The action of following or striving to achieve something, often with determination.

Goals

Targets or outcomes that an individual or organization aims to achieve through specific actions or behaviors.