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Questions and Answers
What is accounting?
What is accounting?
- The process of recording financial transactions (correct)
- The process of designing buildings
- The process of creating music albums
- The process of analyzing poetry
What is an accounting system?
What is an accounting system?
- A method for growing plants
- A technique for painting portraits
- A strategy for training animals
- A structured process for recording financial transactions (correct)
What are accounting standards?
What are accounting standards?
- Regulations for constructing buildings
- Principles for writing novels
- Rules for playing musical instruments
- Guidelines for preparing and presenting financial statements (correct)
