QUESTIONS 13–17 ARE BASED ON THE FOLLOWING PASSAGE.D.DUE TO ITS LOCATI...

15. According to the information in the passage,and equity, debit and credit. Business transactionsare the building blocks of the accounting system. Inwhich of the following is LEAST likely to be afunction of accounting?order to properly record transactions they must bea.helping business people make sound judg-measured with a common yardstick. Money is thementsmeasure of all business transactions and is the linkb.producing reports of many different kinds ofwhich enables economic data to be compared. Theretransactionsare three basic criteria for measuring a businessc. assisting with the marketing of productstransaction: a) When is the transaction recognized?d.assisting companies in important planningTraditionally, a transaction is recognized when legaltitle passes from seller to buyer and an obligation toactivitiespay results. b) What is the value of a transaction?