Question

match the accounting terminology to the definitions.

definition accounting term
information system that measures business activities, processes that information into reports, and communicates the results to decision makers accounting
professional accountants who serve the general public certified public accountants
person or business to whom a business owes money creditor
field of accounting that focuses on providing information for internal decision makers managerial accounting
professionals who work for a single company accounting
field of accounting that focuses on providing information for external decision makers financial accounting

Explanation:

Each definition is matched to the corresponding accounting term based on standard accounting terminology:

1. The core definition of accounting is an information system for measuring, processing, and communicating business activity info to decision-makers.
2. Certified Public Accountants (CPAs) are licensed professionals who offer services to the general public.
3. A creditor is a party that a business has a monetary obligation to.
4. Managerial accounting focuses on generating data for internal company decision-makers (like managers).
5. Private accountants work exclusively for one single company (this term was missing from the provided dropdown but is the correct match; the incorrectly filled "Accounting" here is wrong).
6. Financial accounting is dedicated to creating reports for external decision-makers (such as investors, creditors).

Answer:

1. Information system that measures business activities, processes that information into reports, and communicates the results to decision makers → Accounting
2. Professional accountants who serve the general public → Certified public accountants
3. Person or business to whom a business owes money → Creditor
4. Field of accounting that focuses on providing information for internal decision makers → Managerial accounting
5. Professionals who work for a single company → Private accountants (corrected from the incorrect "Accounting" entry)
6. Field of accounting that focuses on providing information for external decision makers → Financial accounting