Join Examsbook
6911 0

Q: The accounting process involves all of the following except

  • 1
    identifying economic transactions that are relevant to the business
  • 2
    analyzing and interpreting financial reports
  • 3
    communicating financial information to users by preparing financial reports
  • 4
    recording nonquantifiable economic events
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "analyzing and interpreting financial reports"
Explanation :

Answer: B) analyzing and interpreting financial reports Explanation: The three steps in the accounting process are   1. Identification, 2. Recording, and 3. Communication.    Hence, analyzing and interpreting financial reports is not involved in the accounting process.

Are you sure

  Report Error

Please Enter Message
Error Reported Successfully