Which of the following is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization?
A) accounting
B) bookkeeping
C) auditing
D) managerial finance

Question

Quizplus · Accepted Answer

Accounting is the system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization. Bookkeeping is a part of accounting that involves recording and organizing financial data, while auditing involves reviewing financial records to ensure accuracy. Managerial finance involves making financial decisions within an organization.

Which of the Following Is a System for Recognizing, Recording