An Art of reading classifying amp Summarizing of accounts in a systematic way is called ........

General Accounting Principles Introduction to Accounting

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An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?

Accounting

Accountancy

Auditing

Book Keeping

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Explanation:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows.