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Question

____________by definition, is the process of identifying, recording, classifying and summarising financial transactions to produce the financial reports for their ultimate analysis.
  1. Accounting
  2. Financial accounting
  3. Management accounting
  4. Cost accounting

A
Management accounting
B
Cost accounting
C
Accounting
D
Financial accounting
Solution
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Accounting, by definition, is the process of identifying, recording, classifying and summarising financial transactions to produce the financial reports for their ultimate analysis.

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