Which of the following is the system used to record a firm'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 system used to record a firm's financial transactions in a routine and clerical process. Auditing involves examining and reviewing a firm's financial records and transactions to ensure accuracy and compliance. Record keeping is a broader term that encompasses the organization and maintenance of all types of business records, not just financial ones. Accounting involves the analysis, interpretation, and communication of financial information.

Which of the Following Is the System Used to Record