Joe is recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making. What Joe is performing is commonly called? A. finance. B. auditing. C. accounting. D. economics.

Question

Business

Andrew Cannon

13 December, 07:13

Joe is recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making. What Joe is performing is commonly called? A. finance. B. auditing. C. accounting. D. economics.

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Trigger · Answer 1

accounting

Explanation:

Accounting refers to the process for recording financial transactions related to a company. The accounting process involves the review, examination and notification of these activities to supervisory authorities, supervisors and tax collection bodies.

Accounting financial statements are a brief summary of business transactions across an accounting span, summarizing the revenues, financial condition and cash flows of a business.

Accounting is among the most important functions in almost every sector. It can be done by an accountant or a small company manager, or by massive accounting divisions with hundreds of employees in larger businesses.