The process of recording, classifying, and summarising economic events in a logical manner for the purpose of providing financial information for decision making is:
A) auditing.
B) accounting.
C) finance.
D) economics.

Question

Quizplus · Accepted Answer

The process described in the question is known as accounting. Auditing is the process of examining and verifying the accuracy of financial records, finance deals with the management of money and investments, and economics is the study of production, consumption, and distribution of goods and services.

The Process of Recording, Classifying, and Summarising Economic Events in a Logical