Accounting is a social science with a body of knowledge that has been systematically gathered, classified, and judged.
Answer (1)
Yes, that statement is true because accounting is not only about numbers, but also about studying how financial activities affect people, organizations, and society. It is considered a social science since it deals with human decisions, behaviors, and relationships in business. The knowledge in accounting has been organized through principles, rules, and standards that were carefully developed and tested over time. This makes accounting a discipline with a clear system that can be studied, applied, and evaluated just like other fields of social science[tex].[/tex]
