Multiple choice

Which of the following is not a function of accounting?

  1. Decision making

  2. Measurement

  3. Forecasting

  4. Ledger posting
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Accounting's core functions include measurement (recording transactions), decision-making (providing information for decisions), and forecasting (budgeting/projections). Ledger posting is a mechanical bookkeeping task within the recording function, not a separate fundamental function. It's a procedural step, not a conceptual function of accounting.

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