Multiple choice

“The process of identifying, measuring and communicating economic information to permit informed judgments and decisions by the users of accounts” has been given by

  1. American Institute of Certified Public Accountants (AICPA)

  2. American Accounting Association

  3. Prof R. J. Chambers

  4. Kohier
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The American Accounting Association defines accounting as “the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information.”

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