Bookkeeping mainly consists of which part of accounting process?

A. Analysing

B. Preparing financial statements

C. Recording financial information

D. Auditing the books of accounts

Answer: Option C

Solution(By Examveda Team)

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Bookkeeping refers mainly to the record-keeping aspects of financial accounting, and involves preparing source documents for all transactions, operations, and other events of a business.

This Question Belongs to Commerce >> Accounting

Join The Discussion

Related Questions on Accounting