Which of the Following Is the Primary Purpose of Accounting

question 28

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 deceive stockholders
• D)To keep from paying taxes
• E)To establish credit for a company

---

Definitions:

Self-Discrepancy Theory

A psychological theory suggesting that discrepancies between an individual’s actual self, ideal self, and ought self can lead to emotional discomfort.

Self-Schemas

Cognitive representations of oneself that influence how individuals process information about themselves.

Ought-Schemas

Cognitive structures that represent an individual's beliefs about the duties, obligations, and expectations they or others should adhere to.

Self-Schemas

Cognitive structures representing one's beliefs and feelings about oneself in specific domains, guiding how we process self-related information.