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Which is the last step of accounting as a process of information? Select one: a. Recording the transaction b. Preparation of financial statement c. Communication of information d. Analysis and interpretation of information

Which is the last step of accounting as a process of information? Select one: a. Recording the transaction b. Preparation of financial statement c. Communication of information d. Analysis and interpretation of information

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter1: Introduction To Accounting
Section: Chapter Questions
Problem 2SEB: ACCOUNTING PROCESS Match the following steps of the accounting process with their definitions....
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Which is the last step of accounting as a process of information?
Select one:
a.
Recording the transaction
b.
Preparation of financial statement
c.
Communication of information
d.
Analysis and interpretation of information
 
 
 
 
Which of the following is not a part of the functions of the accounting system?
Select one:
a.
Reporting the results of operations during a reporting period
b.
Classifying and summarizing the effects of the transactions on the accounting elements
c.
Analyzing and recording the business transactions of the enterprise.
d.
Preparing financial statements that are favorable to the data-users.
 
 
 
 
The chief accounting officer of a medium-sized or large business enterprise.
Select one:
a.
Auditor
b.
Controller
c.
Bookkeeper
d.
Treasurer
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