7 years ago in Basic Accounting

What is the method of summarizing and classifying the record of financial transaction in monetary terms ?

[A] Book keeping
[B] Auditing
[C] Accountancy
[D] Cost Accounting
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Attempted 182
Correct 51
Incorrect 76
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Gowri Srinivas Gowri - 1 year ago

book keeping is the correct answer

DAJI KHANDEKAR - 2 years ago


SUSHAMA - 4 years ago

SUSHAMA from Mumbai, India is saying Accountancy is correct answer

Brian Richard Diaz
Brian Richard Diaz - 4 years ago

Brian Richard Diaz from Bagong Nayon, Philippines is saying Auditing is correct answer

GOPAL KALITA - 4 years ago

GOPAL KALITA from Guwahati, India is saying Accountancy is correct answer

Related Questions

Choose the incorrect statement

  • [A] Accounting is the language of business
  • [B] Transaction are recorded in quantitative terms only
  • [C] Accounting is the art of recording,classifying and summarizing
  • [D] Transaction and events of financial character are subject matter of accounting

Accounting is also defined as an 'Information System' because ?

  • [A] The function of accounting is to provide quantitative information,primarily financial in nature about economic entities
  • [B] It is a system which provides information
  • [C] Accounting provides required information for anyone seeking it
  • [D] All of above

Which of the following is not available in the Financial Statements of a Company ?

  • [A] Total Sales
  • [B] Total Profit and Loss
  • [C] Loss from Fire
  • [D] None of above

......... of American Institute of Certified Public Accountants enumerated the functions of Accounting ?

  • [A] Accounting Principals Board
  • [B] Accounting Standards Board
  • [C] Accounting Concepts Board
  • [D] None of above