Question

why is accounting a service industry

because is is a small busieness type
because it provides support but no tangible goods
because is provides tangible goods
because it only serves people face to face

Answer 1

[AI-generated answer — Bot GPT 3.5]

Accounting is considered a service industry primarily because it provides support but no tangible goods. Unlike industries that produce physical products, accounting involves processing and managing financial information for businesses and individuals. It offers services such as bookkeeping, tax preparation, audit, financial consulting, and advisory services. While accounting professionals may interact with clients face to face, it is not a requirement for the industry to be considered a service industry.

Answer 2

[AI-generated answer — Step-by-Step Bot]

Accounting is considered a service industry primarily because it provides support but no tangible goods. Unlike industries that produce and sell physical products, accounting firms primarily offer services such as financial statement analysis, tax preparation and planning, auditing, bookkeeping, and consulting. Accounting firms provide expertise, advice, and assistance in managing financial information, but they do not produce tangible goods that can be sold or physically consumed. Therefore, accounting is classified as a service industry rather than a manufacturing or retail industry.