Question

The main goal of an accounting system is to:

a. capture information about a business so that it can be reported to decision makers.
b. earn a profit for the company's stockholders.
c. prove that assets equal liabilities plus stockholders' equity.
d. provide initial financing for a new start-up.

Answer 1

The main goal of an accounting system is to capture information about a business so that it can be reported to decision makers. Accounting systems collect and analyze financial transactions to prepare financial statements.

Step-by-step explanation:

The main goal of an accounting system is to capture information about a business so that it can be reported to decision makers. Accounting systems are used to collect, record, and analyze financial transactions and prepare financial statements such as balance sheets, income statements, and cash flow statements. These statements provide important information to help decision makers, such as managers, investors, and creditors, understand the financial health and performance of a business.