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Commerce · Q29

Accounting

Graduate and Post Graduate · Commerce · question 29

Q29

The accounting process involves recording

A.
Quantifiable economic event
Answer
B.
Non Quantifiable economic event
C.
All of them
D.
None of them

Answer: Option A

Solution

Answer: Option A
Solution:
The accounting process involves recording Quantifiable economic event. An accounting event is a transaction that is recognized in the financial statements of an accounting entity.
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