Question

The process of recording, classifying and summarizing all business transactions in order to know the financial result is called​

Answer 1

Answer:

The American Institute of Certified Public Accountants (AICPA) defines accountancy as “the art of recording, classifying, and summarizing, in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof. ”