Why does a business need accounting information? Accounting identifies personnel who do not have strong customer service skills. Accounting accumulates passwords for security purposes. Accounting records business transactions and communicates financial information. Accounting inspires management to work harder in order to climb the corporate ladder.

Accounting records business transactions and communicates financial information.

Explanation:

Accounting information refers to the data about the transactions of a company that is recorded and used to create different reports that help to make decisions about the business operations. According to this, the answer is that a business needs accounting information because accounting records business transactions and communicates financial information.

The other options are not right because accounting information is about financial data not about personnel skills, accumulating passwords or inspiring management to work harder.

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