Question

Joe is recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making. What Joe is performing is commonly called?A. finance.B. auditing.C. accounting.D. economics.

Answer 1

accounting

Step-by-step explanation:

Accounting refers to the process for recording financial transactions related to a company. The accounting process involves the review, examination and notification of these activities to supervisory authorities, supervisors and tax collection bodies.

Accounting financial statements are a brief summary of business transactions across an accounting span, summarizing the revenues, financial condition and cash flows of a business.

Accounting is among the most important functions in almost every sector. It can be done by an accountant or a small company manager, or by massive accounting divisions with hundreds of employees in larger businesses.