help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working The process of recording, classifying, andsummarising all business transactions in order toknow the financial result is called(a) Bookkeeping(b) Accounting(c) Journalising(d) None of these

(Wrong answer) Bookkeeping (a):Bookkeeping is a subset of accounting that focuses on recording…

Answered: The process of recording, classifying,…

The process of recording, classifying, and summarising all business transactions in order to know the financial result is called (a) Bookkeeping (b) Accounting (c) Journalising (d) None of these

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

The process of recording, classifying, and
summarising all business transactions in order to
know the financial result is called
(a) Bookkeeping
(b) Accounting
(c) Journalising
(d) None of these

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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