The process of systematically collecting, analyzing, and reporting financial information is called
A) accounting.
B) bookkeeping.
C) auditing.
D) journalizing.
E) revenues.

Question

Quizplus · Accepted Answer

Accounting is the process of collecting, analyzing, and reporting financial information. Bookkeeping involves recording financial transactions, auditing involves reviewing financial information for accuracy and compliance, journalizing is the process of recording transactions in a journal, and revenues are a type of financial information that is collected and analyzed in accounting.

The Process of Systematically Collecting, Analyzing, and Reporting Financial Information