Bookkeeping mainly consists of which part of accounting process?
A
Analysing
B
Preparing financial statements
C
Recording financial information
D
Auditing the books of accounts
Correct Answer: Recording financial information
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Bookkeeping refers mainly to the record-keeping aspects of financial accounting, and involves preparing source documents for all transactions, operations, and other events of a business.