The ......................... is a record of inflow and outflow of resources.

Transaction

The correct answer is option 1- Transaction.

Transaction is a record of inflow and outflow of resources.

A transaction is a record of the inflow and outflow of resources (such as money, goods, or services). In accounting and financial systems, each transaction reflects an exchange that impacts financial records.

OTHER OPTIONS

• Accounting code refers to a system used to classify financial transactions.
• Data element is a general term for a unit of data.
• Amount refers only to the value involved, not the entire record of a transaction.