Question

Why does a business need accounting information?

a. Accounting identifies personnel who do not have strong customer service skills.

b.Accounting accumulates passwords for security purposes.

c.Accounting records business transactions and communicates financial information.

d.Accounting inspires management to work harder in order to climb the corporate ladder.

Answer 1

	Option C is the answer Accounting helps the company in recording all the materials transactions that took place in the given period and communicated the financial status of the company to all the stakeholders