The Recording of Financial Transactions Either Manually or Electronically Is

question 61

Multiple Choice

The recording of financial transactions either manually or electronically is called

• A) accounting
• B) bookkeeping
• C) preparing financial statements
• D) auditing
• E) systems design

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Definitions:

Deductive Reasoning

A logical process in which a conclusion follows from specific premises, assuming those premises are true.

Top-Down Reasoning

An analytical approach where the general or bigger picture is considered first, followed by the specific details.

Descriptive Reasoning

The process of making inferences or conclusions based on observed patterns or descriptions without necessarily understanding the mechanisms.

Algorithm

An algorithm is a detailed, step-by-step procedure or formula for solving a problem or completing a task, often used in computing and mathematical processes.