The process of recording the sources and amounts of dollars earned and spent is called
A)record keeping.
B)budgeting.
C)financial planning.
D)goal setting.

Question

Quizplus · Accepted Answer

Record keeping involves keeping track of financial transactions, including the sources and amounts of money earned and spent. Budgeting, financial planning, and goal setting are all related to managing finances, but they are not specifically focused on the process of recording transactions.

The Process of Recording the Sources and Amounts of Dollars