Accounting is a sort of transformation process that converts daily records of individual transactions into monthly financial reports.The ________ are the inputs,accounting is the operation that adds value,and ________ are the outputs.
A) transaction records; financial statements
B) financial statements; transaction records
C) employee records; transaction records
D) health records; transaction statements

Question

Quizplus · Accepted Answer

Accounting is a sort of transformation process that converts daily records of individual transactions into monthly financial reports. In this example, the transaction records are the inputs, accounting is the operation that adds value, and financial statements are the outputs.

Accounting Is a Sort of Transformation Process That Converts Daily