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 Purposes of an accounting system include all the following except
  • a)
    Interpret and record the effects of business transaction.
  • 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 enterprise transactions that the enterprises may engage in.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Purposes of an accounting system include all the following excepta)Int...
Accounting system includes records of transactions, preparation of reports, interpret of results.
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Purposes of an accounting system include all the following excepta)Interpret and record the effects of business transaction.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 enterprise transactions that the enterprises may engage in.Correct answer is option 'D'. Can you explain this answer?
Question Description
Purposes of an accounting system include all the following excepta)Interpret and record the effects of business transaction.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 enterprise transactions that the enterprises may engage in.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Purposes of an accounting system include all the following excepta)Interpret and record the effects of business transaction.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 enterprise transactions that the enterprises may engage in.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purposes of an accounting system include all the following excepta)Interpret and record the effects of business transaction.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 enterprise transactions that the enterprises may engage in.Correct answer is option 'D'. Can you explain this answer?.
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