Which of the Following Is Not a Basic Function of an Accounting

question 50

Multiple Choice

Which of the following is not a basic function of an accounting system?

• A)To interpret and record the effects of business transactions.
• B)To classify the effects of similar transactions in a manner that permits determination of various totals and subtotals useful to management.
• C)To ensure that a business organization will be managed profitably.
• D)To summarize and communicate information to decision makers.

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Definitions:

Leadership

The ability to guide, inspire, and influence others towards achieving common goals.

Entrepreneurial Transition

The phase in which an entrepreneur moves from early-stage to growth, requiring adjustments in strategy, operations, and possibly management.

Founders

Individuals who establish and build a business or organization from the ground up.

Conflicts

Disagreements or clashes arising from differing interests, values, or beliefs among parties.