Question

Accounting activities:

a. always include identification of environmental activities.
b. are only performed in large corporations.
c. always include reporting information on the next year’s production plan.
d. always include identifying and reporting economic events.

Answer 1

d. always include identifying and reporting economic events.

Step-by-step explanation:

Accounting activities, always include identifying and reporting economic events.

There are mainly three activities of accounting:

1. Identifying : It is the economic activity for finding relevant events that are relevant to its business.

2. Recording : Recording is the activity conducted in order to provide information of financial activities at any point in time. Bookkeeping, maintaining income statements, etc.

3. Communicating: It is about collecting information and communicating to the interested users by means of accounting reports.

All these things are done to get the economic events of the company to the interested internal and external users.