_________ is mainly concerned with recording of financial data relating to the business operations in a significant and orderly manner.

Accounting

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Book-keeping

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Posting

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Journalizing

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Solution

The correct option is A Accounting
Accounting is mainly concerned with the recording of financial data relating to the business operations in a significant and chronological manner. It is not only concerned with recording, classifying or summarizing the transactions but it also plays an important role in providing appropriate information to the business for decision making.

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Similar questions

Q. ______ is an activity concerned with the recording of financial data relating to business operations in significant and orderly manner.

Q. __________ is concerned with the preparation and presentation of the classified data in a manner useful to the internal and external users of financial statements.

Q. _______ defined Accounting as the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least of a financial character, and interpreting the results thereafter.

______ is prepared to ascertain the financial result of a business operation over a given period of time and ______ shows the financial position of a business at a particular date.

Q. Accounting is "the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character and interpreting the results thereof". This definition is given by ______________________.

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