Accounting is:

A. the art of recording, classifying and summarising in a significant manner and in terms of money, transactions and events which are, in part at best financial in character, and interpreting there of

B. a systematic and regular record of events affecting a firm with a view to obtaining a clear financial picture

C. preparation of various financial statements over a period of time of a firm to measure its performance in monetary terms

D. nothing but book-keeping

Answer: Option A