Purposes of an accounting system include all of the following except: a. Interpret and record the effects

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Purposes of an accounting system include all of the following except:

a. Interpret and record the effects of business transactions.

b. Classify the effects of transactions to facilitate the preparation of reports.

c. Summarize and communicate information to decision makers.

d. Dictate the specific types of business transactions that the enterprise may engage in.

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Financial Accounting

ISBN: 9780077328702

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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Question Posted: May 12, 2024 07:02 AM

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Purposes of an accounting system include all of the following except: a. Interpret and record the effects

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The correct answer is d Dictate the specific types ...View the full answer

Financial Accounting

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