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11. Which of the following best define Accounting? a.Periodical Process of recording financial transactions of an entity b.Continuous Process of recording financial transactions of an

11. Which of the following best define Accounting?

a.Periodical Process of recording financial transactions of an entity b.Continuous Process of recording financial transactions of an entity c.All of the above d.Monthly Process of recording financial transactions of an entity

12. From the options enunciated here under, identify the control system which may assist the company in safeguarding its assets?

a.None of the options b.Intercompany investment system c.International control system d.Internal control system

d. Internal control system

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