What term describes the rules by which financial transactions are classified?
A) accounting
B) bookkeeping
C) data integrity policies
D) financial management

Question

Quizplus · Accepted Answer

Accounting encompasses the rules and principles that govern financial transactions, including how they are classified and recorded. Bookkeeping refers to the actual recording of financial transactions, while data integrity policies relate more broadly to maintaining the accuracy and consistency of data across an organization. Financial management refers to the broader set of practices related to managing finances, including budgeting, forecasting, and investment strategies.

What Term Describes the Rules by Which Financial Transactions Are