Which of the Following Is Not a Basic Function of an Accounting

question 50

Multiple Choice

Which of the following is not a basic function of an accounting system?

• A)To interpret and record the effects of business transactions.
• B)To classify the effects of similar transactions in a manner that permits determination of various totals and subtotals useful to management.
• C)To ensure that a business organization will be managed profitably.
• D)To summarize and communicate information to decision makers.

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Definitions:

Ethnicity

Ethnicity refers to the shared cultural, linguistic, or ancestral traits that group people together, differentiating them from other groups.

Race

A categorization of humans based on shared physical or social qualities into groups generally viewed as distinct within a given society.

Women With MBAs

Refers to female individuals who have earned Master of Business Administration degrees, highlighting their advanced education in business management.

Earn Less

Receiving a lower income or fewer financial rewards compared to others in similar positions or roles.