Joe is recording sales transactions in the accounting system so that they can be summarized in a logical manner for the purpose of providing financial information for decision-making.Joe is performing
A)accounting.
B)auditing.
C)review.
D)management consulting.

Question

Quizplus · Accepted Answer

Accounting involves the systematic recording, classifying, and summarizing of financial transactions for the purpose of producing financial statements that provide information to decision-makers. Joe's role of recording sales transactions in the accounting system aligns with the definition of accounting. Auditing involves examining financial records to ensure that they are accurate and comply with accounting standards, while review involves analyzing financial statements to identify any errors or omissions. Management consulting involves providing advice and guidance to help organizations improve their performance and achieve their goals.

Joe Is Recording Sales Transactions in the Accounting System So