___________ is the recording of business transactions.
A) Financial accounting
B) Bookkeeping
C) Managerial accounting
D) Finance

Question

Quizplus · Accepted Answer

Bookkeeping involves the recording and organizing of financial transactions such as sales, purchases, and payments made by a company. Financial accounting involves the preparation and presentation of financial statements based on these transactions, while managerial accounting provides internal reports and analysis for decision making. Finance encompasses a broader range of financial activities such as investing and managing funds.

___________ Is the Recording of Business Transactions