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The accounting process involves recording

A. Quantifiable economic event

B. Non Quantifiable economic event

C. All of them

D. None of them

Answer: Option A

Solution(By Examveda Team)

The accounting process involves recording Quantifiable economic event. An accounting event is a transaction that is recognized in the financial statements of an accounting entity.

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Comments ( 1 )

  1. Muthyala Venkata
    Muthyala Venkata :
    3 years ago

    May I have a clear reason for it?

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