Choose from the following list of terms/phrases to best complete the following statements.
a. Accounting
b. Identifying
c. Recording
d. Communicating
e. Recordkeeping (bookkeeping)
f. Technology
g. Language of business
h. Governmental
1. Reduces the time, effort, and cost of recordkeeping while improving clerical accuracy.
2. Business activities requires that we keep a chronological log of transactions and events measured in dollars.
3. Is the recording of transactions and events, either manually or electronically.