Which of the following is not a role of accounting in business?

a. To provide information to external users to determine the economic performance and condition of the business

b. To provide reports to users about the economic activities and conditions of a business

c. To assess the various informational needs of users and design an accounting system to meet those needs

d. To personally guarantee loans of the bu

The correct answer is letter "D": To personally guarantee loans of the business.

Explanation:

Accounting is the recording of financial transactions of a business or organization. It also includes the process of summarizing, analyzing and reporting these transactions - given a method - in financial statements. The financial statements that accountants create provide critical information for many key people such as managers, stakeholders, and the corresponding agencies of the government.

However, securing a loan for a company will rely on the credit history of the institution which directly does not involve one of the functions of corporate accounting.