__________ Involves Monitoring How Money Is Spent and Assessing Financial

question 55

Multiple Choice

__________ involves monitoring how money is spent and assessing financial health.

• A)Auditing
• B)Budgetary control
• C)Financial ratio analysis
• D)Investment management

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Definitions:

Journalizing

The process of recording a transaction entry into the journal.

Business Transactions

Financial activities or exchanges involving the transfer of value between entities or parties, affecting the financial position of a business.

Journal

A listing of business transactions in chronological order. The journal links on one page the debit and credit parts of transactions. Alternatively known as general journal.

Posting

The transferring, copying, or recording of information from a journal to a ledger.