Final answer:
The process of keeping accurate financial information is known as accounting. Accounting involves recording, summarizing, and reporting financial transactions of a business or an individual. It helps in keeping track of income, expenses, assets, liabilities, and equity, ensuring that financial information is reliable and can be used for decision-making. Therefore, the correct option is c. accounting.
Step-by-step explanation:
The process of keeping accurate financial information is known as accounting.
Accounting involves recording, summarizing, and reporting financial transactions of a business or an individual.
It helps in keeping track of income, expenses, assets, liabilities, and equity, ensuring that financial information is reliable and can be used for decision-making.