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:

Abnormal Anxiety

Excessive worry or fear that is out of proportion to the actual situation and interferes with daily functioning.

Excessive

Going beyond the usual, necessary, or proper limit or degree; characterized by overindulgence or immoderation.

Antisocial Personality Disorder

The diagnosis given a person who is in frequent conflict with society, yet who is undeterred by punishment and experiences little or no guilt and anxiety.

Instability

The state of being prone to change or failure; lacking firmness or steadiness in social, emotional, or physical realms.