Introduction to accounting Quiz-2
Introduction to accounting Quiz-2 Index => Introduction to accounting Quiz-2 Quiz Show all questions <= => Which of the following is NOT a component of accounting? ? Recording ? Analyzing ? Summarizing ? Inventing What is the fundamental distinction between accounting and accountancy? ? They are two terms for the same concept. ? Accounting refers to the process, while accountancy refers to the profession. ? Accountancy refers to the process, while accounting refers to the profession. ? They are interchangeable terms in different regions. Which branch of accounting focuses on recording, classifying, and summarizing financial transactions for external reporting purposes? ? Managerial accounting ? Tax accounting ? Financial accounting ? ...