Which of the Following Is the Most Appropriate Definition of Accounting

question 7

Multiple Choice

Which of the following is the most appropriate definition of accounting?

• A)Electronic collection,organization,and communication of vast amounts of information
• B)The interconnected network of subsystems necessary to operate a business
• C)A means of recording transactions and keeping records
• D)The measurement,processing,and communication of financial information about an identifiable economic entity

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Definitions:

Human Memory Model

A framework describing how memory processes information, including stages like encoding, storage, and retrieval.

Average Score

The sum of all scores divided by the number of scores, used to determine a central or typical value in a set of data.

Months

Units of time, approximately 30 to 31 days in length, used to measure durations and organize the calendar year.

Solve

To find the solution or answer to a mathematical problem or equation.