Financial Accounting Is

question 2

Multiple Choice

Financial accounting is ...

• A) The term used to describe the system for recording historical financial transactions and presenting this information in summary form
• B) The term used to describe the system for accounting for movements of cash within an organisation and for recording this information electronically
• C) The term used to describe the work done by financial administrators in the management of invoices and payments within an organisation

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Definitions:

WW 2

Refers to World War II, a global conflict that lasted from 1939 to 1945, involving most of the world's nations including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Economic Advantage

The benefit or edge that individuals, entities, or countries have due to their economic resources, position, or capabilities, allowing them superior opportunities or outcomes.

Marital Happiness

A state of contentment and satisfaction experienced within a marriage, often influenced by factors such as communication, mutual respect, and shared values.

Share Housework

The practice of dividing household chores and responsibilities equally or equitably among members of a household.