Accounting is the process of _______________________________________.
A) producing goods and services
B) recording, measuring, and interpreting financial data
C) obtaining funds for the firm's operations
D) developing a marketing plan

Question

Quizplus · Accepted Answer

Accounting involves the systematic recording, measuring, and interpreting of financial data related to a business's transactions and activities. It provides important information for decision-making, budgeting, and financial planning purposes. Producing goods and services, obtaining funds for operations, and developing a marketing plan are all important aspects of running a business, but they are not directly related to the accounting process.

Accounting Is the Process of _______________________________________