Which of the following is NOT a goal of an accounting system? Multiple Choice to accumulate...

Which of the following is NOT a goal of an accounting system?

Multiple Choice

to accumulate data about a firm’s financial affairs
to classify data about a firm’s financial affairs in a meaningful way
to interpret the relative success of a business through the examination of data about its financial affairs
to summarize data about a firm’s financial affairs in periodic reports called financial statements

Expert Solution

Answer is c. to interpret the relative success of a business through the examination of data about its financial affairs

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