Ask Question
1 September, 10:54

The act of recording, classifying, summarizing, analyzing, and use of a

business's financial information so that businesses know where their

money is being spent is called: *

Finance

Investing

Banking

Accounting

+1
Answers (1)
  1. 1 September, 11:19
    0
    It is called Accounting.

    Explanation:

    Accounting us the most important aspect of the financial success of a business. What's get measured, gets controlled. Likewise, a proper accounting system tells the management about how well the business is doing financially and what areas need more improvements.

    Also, it gives information to potential investors who are interested in investing in the company as well.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The act of recording, classifying, summarizing, analyzing, and use of a business's financial information so that businesses know where ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers