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Question : The __________ is traditionally the most popular method of keeping records of financial transactions of any organization.

Option 1: manual system of accounting

Option 2: computerized system of accounting

Option 3: both 1 and 2

Option 4: None of these


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

Correct Answer: manual system of accounting


Solution : The manual system of accounting is traditionally most popular method of keeping records of financial transactions of any organization. Financial statements are the end products of the accounting process, which are prepared in accordance with the Generally Accepted Accounting Principles (GAAP). Hence, the correct option is 1.

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