Which of the Following Are True About Accounting

question 109

Multiple Choice

Which of the following are true about accounting?

• A) Accounting is a system of record keeping
• B) Accounting focuses on cash flow
• C) Accounting emphasizes financial theory
• D) Both a & b

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Definitions:

Mental Age

A concept used to describe the level of intellectual development as measured by standardized tests compared to an individual's chronological age.

IQ

stands for Intelligence Quotient, a measure of a person's intellectual abilities relative to others, based on performance on standardized tests.

Consistent

Showing steady and uniform characteristics or behavior over a period of time, lacking any significant variation.

Reliable

The extent to which an assessment tool produces consistent and stable results over multiple applications or time periods.