The accounting process includes each of the following except
A) communication.
B) convergence.
C) identification.
D) recording.

Question

Quizplus · Accepted Answer

The accounting process involves identifying, recording, communicating, and interpreting financial information. Convergence, which refers to the development of globally accepted accounting standards, is not a step in the accounting process but rather a broader objective of the accounting profession.

The Accounting Process Includes Each of the Following Except