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B
Summarizing
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C
Recording
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D
Communicating
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Solution
The correct option is D Recording
In accountancy, firstly all the transaction which are of financial nature and related to the business are identified and recorded in the books of accounting. The transactions are recorded in a chronological manner in the primary books.
After that, they are classified in the ledger books, then summarised, interpreted and communicated to the users of the financial statement. There are mainly two types of users of the financial statement i.e., internal users and external users.