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Which of the following is NOT a goal of an accounting system? to summarize data about a firms financial affairs in periodic reports called financial

Which of the following is NOT a goal of an accounting system?

  1. to summarize data about a firms financial affairs in periodic reports called financial statements
  2. to interpret the relative success of a business through the examination of data about its financial affairs
  3. to classify data about a firms financial affairs in a meaningful way
  4. to accumulate data about a firms financial affairs

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