The basic purpose of an accounting system is to: A) Develop financial statements in conformity with generally accepted accounting principles.

The basic purpose of an accounting system is to:

A) Develop financial statements in conformity with generally accepted accounting principles.

B) Provide as much useful information to decision makers as possible, regardless of cost.

C) Record changes in the financial position of an organization by applying the concepts of

double-entry accounting.

D) Meet an organization’s need for accounting information as efficiently as possible.

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