……………….is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events, which are in part, at least of financial character and interpreting the results there of.

Question

Quizplus · Accepted Answer

Accounting is the correct term that encompasses the art of recording, classifying, summarizing, and interpreting financial transactions and events. Management accounting and cost accounting are branches of accounting with more specific focuses.

………………Is the Art of Recording, Classifying and Summarizing in a Significant