The Department Within a Company That Records,measures,and Reports Monetary Transactions

question 50

Multiple Choice

The department within a company that records,measures,and reports monetary transactions is called _______________.

• A) accounting
• B) marketing
• C) finance
• D) operations Management

---

Definitions:

Departments

Departments refer to distinct functional areas within an organization, each focusing on a specific area of operation like sales, human resources, or finance.

Revenue Center

A segment or area of a business responsible for generating revenue, focusing on sales and outward-facing operations rather than cost control.

Human Resource Department

The division of a company responsible for managing employee-related processes, including recruitment, training, and benefits.

Department Income Statement

A financial statement that shows the revenue, expenses, and net income or loss of a specific department within a company.