Question

Accounting process does not includes __________.

• A. classifying.
• B. summarizing.
• C. popularizing.
• D. recording.

Answer 1

Answer: (C)

popularizing.

Accounting starts with identifying a transaction and then recording in Journal

-then classifying in the ledger thensummarizing in final accounts

-then interpretation through Ratio analysis then finallycommunicating the information to the users of the financial statement.

Thus, there is no popularizing step in the entire accounting process.