Chapters 1-2 Choose the following terms or phrases to best complete the following statements. 1 Language…
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Question “Chapters 1-2 Choose the following terms or phrases to best complete the following statements. 1 Language…”
Chapters 1-2 Choose the following terms or phrases to best complete the following statements. 1 Language of business 2. is also called accounting because all organizations set up an accounting information system to communicate data to help people make better decisions is the accounting function that involves observing business transactions and events. requires that we input, measure, and log transactions and events
Choose the following terms or phrases to best complete the following statements. 1 2. 3. is also called accounting because all organizations set up an accounting information system to communicate data to help people make better decisions is the accounting function that involves observing business transactions and events. requires that we input, measure, and log transactions and events. Language of business Identifying Recording Technology Communicating Recordkeepina (bookkeepina)
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Answer
1- | Language of business | Accouning, also known as language of business, involves communication and sharing information among different users in order to facilitate decision making. |
2- | Identifying | This accounting step identifies only events that have economic value and recommends recording them. |
3- | Recording | All transactions that have monetary value are recorded by the recording function. |
Conclusion
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