________ is the comprehensive information system for collecting, analyzing, and communicating financial information, while ________ is the recording of financial transactions.
A) Financial accounting; managerial accounting
B) Managerial accounting; financial accounting
C) Bookkeeping; accounting
D) Accounting; bookkeeping
E) Controlling; accounting

Question

Quizplus · Accepted Answer

Accounting is a broad discipline that encompasses the collection, analysis, and communication of financial information, while bookkeeping specifically refers to the process of recording financial transactions, which is a part of the larger accounting process.

________ Is the Comprehensive Information System for Collecting, Analyzing, and Communicating