The Best Definition of an Accounting System Is

question 36

Multiple Choice

The best definition of an accounting system is:

• A)Journals,ledgers,and worksheets.
• B)Manual or computer-based records used in developing information about an entity for use by managers and also persons outside the organization.
• C)The personnel,procedures,devices,and records used by an entity to develop accounting information and communicate this information to decision makers.
• D)The concepts,principles,and standards specifying the information which should be included in financial statements,and how that information should be presented.

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Definitions:

Political Pursuits

The activities or endeavors individuals or groups engage in to achieve political power, influence policy, or contribute to governance.

Commerce Clause

A provision in the U.S. Constitution giving Congress the power to regulate trade among the states and with foreign countries.

Interstate Commerce

Trade, traffic, or transportation involving the crossing of state boundaries or that affects more than one state.

State Statute

A written law passed by a legislative body at the state level, governing matters within the state’s powers.