Question

Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities. Select the aspect of accounting associated with this activity Aspects of Accounting Activities.1. Analyzing and interpreting reports.2. Presenting financial information.3. Keeping a log of service costs.4. Measuring the costs of a product.5. Preparing financial statements.6. Seeing revenues generated from a service. 7. Observing employee tasks behind a product.8. Registering cash sales of products sold.

Answer 1

Answer:

    Accounting Activities                     Aspect of Accounting Activities

1. Analyzing and interpreting reports                Communicating

2. Presenting financial information                   Communicating

3. Keeping a log of service costs                      Recording

4. Measuring the costs of a product                  Recording

5. Preparing financial statements                      Communicating

6. Seeing revenues generated from                  Identifying

a service

7. Observing employee tasks behind                Identifying

a product.

8. Registering cash sales of products                Recording

sold.