Question

The art of processing the revenue and expense numbers to develop appropriate reporting procedures upon which financial decisions are made is known as ________.

Answer 1

Answer: Accounting

Explanation:

Accounting is  defined as the field in which expenses, incomes, revenues,cash flows, assets are studied to know about their processing and flow. These all terms define about the financial data that is used for knowing about transactions ,profit and loss.

Accountants are the major people that deal in accounting fields with accounts recording, analyzing , measuring, predicting, calculation and evaluating about financial statements and reports,.This helps to making financial conclusion.