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:

Agriculture

The practice of cultivating the soil, growing crops, and raising livestock for human use and consumption.

Remittances

Money or goods that migrants send back to family members in their country of origin, often playing a significant role in the receiving country's economy.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods such as teaching, training, and research.

Capital Flight

The swift transfer of substantial amounts of money or assets from one country due to economic or political unrest.