________ is a comprehensive system for collecting,analyzing,and communicating financial information.
A) Bookkeeping
B) Accounting
C) Controlling
D) Auditing

Question

Quizplus · Accepted Answer

Accounting is a comprehensive system for collecting, analyzing, and communicating financial information. Bookkeeping is a component of accounting that involves the recording of financial transactions, but it is not as comprehensive as accounting. Controlling and auditing are also important components of accounting, but they are not comprehensive systems in themselves.

________ Is a Comprehensive System for Collecting,analyzing,and Communicating Financial Information