The recording of financial transactions either manually or electronically is called:
A) Accounting.
B) Bookkeeping.
C) Preparing financial statements.
D) Auditing.
E) Systems design.
Correct Answer:
Verified
Q24: The monetary unit principle means that transactions
Q33: Private enterprises are all required to report
Q61: Transactions that impact only assets do not
Q82: The internal functions of a business include:
A)
Q84: A corporation:
A) Is a legal entity separate
Q85: Accounting is an information and measurement system
Q86: A partnership:
A) Is also called a sole
Q87: Professional accountants can be:
A) Chartered Accountants.
B) Certified
Q88: An audit:
A) Is required for every business.
B)
Q92: Items such as sales slips, invoices, cheques,
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