- 1 Marks
FA – Nov 2013 – L1 – SA – Q5 – Scope and Purpose of Accounting
Identifying the best definition of the concept of accounting.
Question
Which of the following best defines “the concept of accounting”?
A. An activity performed by accountants
B. A system comprising several interrelated and interdependent parts
C. A technique of management
D. A discipline of study
E. A process of handling information of economic nature, which is useful and adaptive to varying situations
Find Related Questions by Tags, levels, etc.
- Tags: Accounting Concepts, Accounting Definition, Financial Information
- Level: Level 1
- Topic: Scope and Purpose of Accounting
- Series: NOV 2013
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