The Basic Purpose of Bookkeeping Is To

question 109

Multiple Choice

The basic purpose of bookkeeping is to:

• A)Provide financial information about an economic entity.
• B)Develop the types of information best-suited to specific managerial decisions.
• C)Record the financial transactions of an economic entity.
• D)Determine the taxable income of individuals and business entities.

---

Definitions:

Rudimentary Services

Basic services that are foundational or elementary in the provision of more complex services or functions.

Cold Site

A backup site for IT operations that is equipped with infrastructure but does not have active systems or data, ready to be used in case of a disaster.

Application

A rephrased definition: Programs or software designed to fulfill particular purposes for the user.

Cold Site

A backup facility that is kept in reserve, equipped with infrastructure but without active hardware or software until needed.