Data must be collected about three facets of each business activity. What are they?
A. the business activity, the resources it affects, the people who participate
B. the business activity, the transactions it creates, the impact on the financial statements
C. the inputs, outputs and processes used
D. who is involved, what was sold, how much was paid
Answer:A
Data must be collected about three facets of each business activity. What are they?
A. the business activity, the resources it affects, the people who participate B. the business activity, the transactions it creates, the impact on the financial statements C. the inputs, outputs and processes used D. who is involved, what was sold, how much was paid