Question

Evaluate the statement "Accounting is all about numbers.". Using the definition of accounting to

justify your answer. (10 marks, maximum 250 words)

Answer 1

To say "Accounting is all about numbers." is incorrect since Non- Financial or Non Qualitative information must be communicated on economic entities as well.

Step-by-step explanation:

Accounting is the measurement, processing and communication of financial and non-financial information about economic entities such as business and corporations.

To say "Accounting is all about numbers." is incorrect since Non- Financial or Non Qualitative information must be communicated on economic entities as well .These Non - Financial information included the Corporate Activities which has impacts on Community (People) and the Environment (Planet).