Answer & Explanation

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Answer & Explanation
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Option 2 is one which best reflects, the "data" that is the basis for accounting, and how accounting is "storytelling"



"Accounting is the process of identifying, interpreting, and measuring economic events and activities of an entity for the purpose of reporting to users for decision-making purposes."



Reason

Process of accounting as a whole includes recording, organizing, summarizing, and analyzing financial information. Financial information is primarily stated in money terms. For business, accounting act as a measurement and communication process, which supplies information to owners, investors, managers, and other interested parties for informed judgments and decisions based on data.





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