Question: you will categorize various accounting activities into the three main functions of accounting: Identifying Recording Communicating Each activity listed below relates to one of these

you will categorize various accounting activities into the three main functions of accounting:
Identifying
Recording
Communicating
Each activity listed below relates to one of these functions. Based on your understanding of the roles these
functions play, you are required to classify each activity correctly.
1. Analyzing and interpreting reports
2. Presenting financial information
3. Keeping a log of service costs
4. Measuring the costs of a product
5. Preparing financial statements
6. Acquiring knowledge of revenue transactions
7. Observing transactions and events
8. Registering cash sales of products sold
9. Providing financial updates to stakeholders
10. Documenting employee payroll details

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