Questions
25/SP-ACC-220-1M3, ACC-220-103 Chapter One Learning Resources Quiz
Single choice
Accounting is a SYSTEM used by businesses to do what primary functions?
Options
A.File taxes and impress auditors
B.Increase stock prices and increase profits
C.Attract customers and beat competitors
D.Measure and communicate business transactions.
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Step-by-Step Analysis
The question asks about the primary function of accounting as a system in a business context.
Option 1: 'File taxes and impress auditors' — While accounting information is used for tax reporting and may be reviewed by auditors, the core purpose of accounting is not ......Login to view full explanationLog in for full answers
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