Asked by Shonda Jackson on May 01, 2024
Verified
Recording of financial transactions of a business
A) accounts payable
B) expenditure
C) invoice
D) PDF
E) fees
F) petty cash
G) accounting
H) bookkeeping
I) operating information
J) managerial accounting information
Bookkeeping
The systematic recording, organizing, and maintaining of financial transactions for a business.
Financial Transactions
Exchanges or transfers of money between parties, which can include buying, selling, or trading assets.
- Understand the basic concepts of accounting and bookkeeping, which encompasses the documentation and evaluation of financial transactions.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
H
Explanation :
Bookkeeping is the process of recording the financial transactions of a business, which aligns with the definition provided.
Learning Objectives
- Understand the basic concepts of accounting and bookkeeping, which encompasses the documentation and evaluation of financial transactions.
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