___________ is the process of recording, classifying and summarizing the financial activities of an organization?
Correct answer: C. Accounting
- A. Planning
- B. Managerial
- C. Accounting
- D. Diagnosis
Explanation
Accounting records business transactions, classifies them into accounts, and summarizes them in financial reports. Planning and managerial functions may use these reports, but they do not perform this recording process.
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