The act of recording, classifying, summarizing, analyzing, and use of a

business's financial information so that businesses know where their

money is being spent is called: *

Finance

Investing

Banking

Accounting

It is called Accounting.

Explanation:

Accounting us the most important aspect of the financial success of a business. What's get measured, gets controlled. Likewise, a proper accounting system tells the management about how well the business is doing financially and what areas need more improvements.

Also, it gives information to potential investors who are interested in investing in the company as well.