Question

Collecting payments for products or goods sold, making payments for products or goods received, running payroll, and preparing financial statements are all examples of _______ tasks.

a. Operations
b. Planning
c. Marketing
d. Bookkeeping

Answer 1

Collecting payments, making payments for goods received, running payroll, and preparing financial statements are tasks related to bookkeeping, which is critical for maintaining accurate financial records.

Step-by-step explanation:

Collecting payments for products or goods sold, making payments for products or goods received, running payroll, and preparing financial statements are all examples of bookkeeping tasks. The correct answer to the question is option d. Bookkeeping.Bookkeeping is a subset of accounting that involves recording financial transactions. These transactions must be recorded systematically and comprehensively to ensure the financial records of the business are up to date and reflect true and accurate figures. This information is then used by accountants to prepare financial statements or by management to make business decisions.