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3 Cards in this Set
- Front
- Back
1. Which of the following is the most appropriate and modern definition of accounting? |
A)The information system that identifies, records, and communicates the economic events of an organization to interested users B)A means of collecting information C)The interconnected network of subsystems necessary to operate a business D)Electronic collection, organization, and communication of vast amounts of information |
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2.Which of the following groups uses accounting information primarily to insure the entity is operating within prescribed rules? |
A)Taxing authorities B)Regulatory agencies C)Labor Unions D)Management |
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3.Which of the following would not be considered an internal user of accounting data for a company? |
A)The president of a company B)The controller of a company C)Creditor of a company D)Salesperson of a company |