Accounting Purpose and Definition

To provide quantitative information about economic entities (correct)

To make economic decisions

To record business transactions

To communicate economic information

Accounting is a service activity (correct)

Accounting is the science and art of recording business transactions

Accounting is an information system that identifies, records and communicates economic events

Accounting is intended to permit informed judgment and decisions by users of the information

To identify economic events

To measure economic information

To communicate economic information

To provide entertainment (correct)