1. Accounting<answer< the recording of the day-to-day financial activities of a

company and the organization of that information into summary reports used to

evaluate thecompany's financial status

2. Bookkeeping<answer< the preservation of a systematic, quantitative record of an

activity

3. accounting system<answer< used by a business to handle routine

bookkeeping tasksand to structure the information so it can be used to evaluate

the performance andfinancial status of ...
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