Which of the following is the best description of accounting's role in business?
a. Accounting is not responsible for providing any form of information to users. That is the role of the Information Systems Department.
b. Accounting helps in decreasing the credit risk of the company.
c. Accounting provides stockholders with information regarding the market value of the company's stocks.
d. Accounting provides information to managers to operate the business and to other users to make decisions regarding the economic condition of the company.

Question

03-09-2019
Business

contestada

Which of the following is the best description of accounting's role in business?
a. Accounting is not responsible for providing any form of information to users. That is the role of the Information Systems Department.
b. Accounting helps in decreasing the credit risk of the company.
c. Accounting provides stockholders with information regarding the market value of the company's stocks.
d. Accounting provides information to managers to operate the business and to other users to make decisions regarding the economic condition of the company.

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PGAMUKAMA PGAMUKAMA · Answer 1 · 2019-09-06T15:21:48+02:00

Answer:

d. Accounting provides information to managers to operate the business and to other users to make decisions regarding the economic condition of the company.

Explanation:

Accounting is an important system that records business transactions, aggregates and interprets results to managers and other stakeholders such as shareholders, creditors, investors to make decisions regarding the company. Based on the above, options a, b and c are incorrect while option 'd' is the correct answer.