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Definition of Accounting

All of the fo...

Question

All of the following are functions of Accounting except ________________.

A

Decision making

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B

Measurement

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C

Forecasting

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D

Ledger posting

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Solution

The correct option is D Ledger posting
Ledger posting is a 'book-keeping' exercise whereas the others are purely accounting in nature, which are done in accordance with various accounting standards, policies, etc.

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