Accountants record ________.

Question

Quizplus · Accepted Answer

Accountants are responsible for recording transactions or events that affect the financial position of a business and can be measured with faithful representation. This means that the information recorded must be objective, verifiable, and complete. Recording economic recessions or estimated future transactions are not within the purview of accounting. The increase in value of a building is an example of a transaction or event that can be recorded by an accountant.

Accountants Record ________