According to Kerr (2009),a __________ Is a Brief Written Expression

question 19

Multiple Choice

According to Kerr (2009) ,a __________ is a brief written expression of guiding ideas derived from regulations,mandates,or an organization's philosophy.

• A)procedure
• B)policy
• C)Both of the above.
• D)None of the above.

---

Definitions:

Generally Accepted Accounting Principles

A set of accounting rules and standards used in the preparation of financial statements to ensure consistency and comparability.

Double-entry System

An accounting technique which records each transaction as both a credit and a debit in different accounts, ensuring the accounting equation remains balanced.

Logical Method

A reasoned, systematic approach to solving problems or making decisions, often based on a sequence of steps or a set of established principles.

Recording Transactions

The process of documenting financial transactions in the company's accounting records, ensuring accurate financial reporting and analysis.