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What is the purpose of accounting? To aggregate only information that makes the company look profitable....

What is the purpose of accounting?

To aggregate only information that makes the company look profitable.
To aggregate information by recording and reporting it accurately and consistently.
To aggregate information only at the end of the accounting period.
To aggregate information throughout the year and communicate the information every other year.
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Answer #1

To aggregate information by recording and reporting it accurately and consistently.

Because

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