INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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accounting
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profit motive
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services
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goods
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Detailed explanation-1: -Bookkeeping is the process of maintaining and recording all financial transactions of a business. Bookkeeping is the basis of the accounting of a company.
Detailed explanation-2: -What is recording in accounting? Recording in accounting refers to tracking a business’ finances using various data sources that gauge different financial factors. For example, companies may track each business transaction, including new equipment purchases, product sales, service costs and payroll expenses.
Detailed explanation-3: -Managerial accounting is the type of accounting that provides financial information to managers and decision-makers within a company. Managerial accounting often involves various financial metrics, including revenue, sales, operating expenses, and cost controls.