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:

Firm's

Relating to a business or company, often used in the context of its operations, assets, liabilities, or ownership.

Buying Center

A group of individuals within an organization who are involved in the decision-making process of purchasing products or services.

Purchase Decision

The stage in the buying process where the consumer chooses to buy a particular product or service after evaluating all the options.

Large Organizations

Entities characterized by a vast scope of operations, significant employee count, and extensive organizational structures.