Question

15) Which of the following is/are true about an Accounting?
(i) Recording the business transactions of a business enterprise.
(i) Preparation of financial statements at the end of an accounting year.
(iii) Interpretation of financial statements.
(a) only (1) above
(b) Only (1) and (ii) above
(c) only (11) above
(d) All (1), (ii) and (iii) Above​

Answer 1

Answer:

(d) All (1), (ii) and (iii) Above

is ur answer

Answer 2

d.

When an accounting transaction occurs, it can be recorded in the books of an organization in a number of ways. ... The most basic method used to record a transaction is the journal entry, where the accountant manually enters the account numbers and debits and credits for each individual transaction.