Which of the Following Best Describes Accounting

question 43

Multiple Choice

Which of the following best describes accounting?

• A) It records economic data but does not communicate the data to users according to any specific rules.
• B) It is an information system that provides reports to users regarding economic activities and condition of a business.
• C) It is of no use by individuals outside of the business.
• D) It is used only for filling out tax returns and for financial statements for various type of governmental reporting requirements.

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Definitions:

Subscript Value

A subscript value is the index number used to identify a specific element within an array or collection in programming.

Indexed Variable

A variable that is part of an array and is accessed by its index, specifying its position within the array.

Index

An index refers to an integer value that indicates a position within an array or list, used to access specific elements.

Array's Starting Position

Refers to the initial index or location of the first element in an array, typically zero in most programming languages.