Which statement is correct?
A Accounting involves measuring profits and losses.
B Accounting is the recording of financial transactions.
C Book-keeping involves communicating financial data.
D Book-keeping requires the use of ratio analysis.
Answers
Answered by
2
Answer:
B is the right answer
Explanation:
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Answered by
1
Answer:
Book-keeping is only concerned with recording financial transactions, which means that the first 2 are incorrect. Accounting is not only the recording of financial transactions. Instead, it involves recording, analyzing, classifying, summarizing and reporting. This means only option D is correct.
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