Question

Fill in the blanks:1. ________ reduces the time, effort, and cost of recordkeeping while improving clerical accuracy. 2. ________ requires that we input, measure, and log transactions and events. 3. ________ is the recording of transactions and events, either manually or electronically.

Answer 1

Answer:

Technology; recording; book keeping

Explanation:

If the organization comes with the latest technology or modern technology, so it reduces the time, cost, effort, of record keeping and at the same time it also improves the accuracy of the transactions

The recording of the business transactions are recorded in the journal by input, measures the transactions and events      

And, while recording the business transactions and events manually or electronically is known as book keeping