Which of the following is the system used to record a company's financial transactions in a routine and clerical process?
A) auditing
B) bookkeeping
C) record keeping
D) accounting

Question

Quizplus · Accepted Answer

Bookkeeping is the process of recording financial transactions in a systematic and routine manner. It includes activities such as recording transactions, posting debits and credits, and reconciling accounts. Accounting, on the other hand, involves a broader analysis and interpretation of financial data to provide insights into a company's financial health and performance. Auditing refers to the process of reviewing a company's financial records to ensure accuracy and compliance with accounting standards. Record keeping is a more general term that refers to the practice of maintaining records of various kinds, including financial records, but is not specific to any one area of business.

Which of the Following Is the System Used to Record