The recording of financial transactions either manually or electronically is called
A) accounting
B) bookkeeping
C) preparing financial statements
D) auditing
E) systems design

Question

Quizplus · Accepted Answer

Bookkeeping specifically refers to the recording of financial transactions, whether done manually or electronically. Accounting includes bookkeeping, but also involves analyzing and interpreting financial information and making decisions based on that analysis. Preparing financial statements and auditing are also related to accounting, but do not necessarily involve the recording of transactions. Systems design is not directly related to the recording of financial transactions.

The Recording of Financial Transactions Either Manually or Electronically Is